Which of the following is defined as selling unused assets for a promise to buy them or similar assets back at roughly the same price?
a. Bill-and-hold sales
b. Kiting
c. Channel stuffing
d. Round-tripping
d
FEEDBACK: a. Incorrect. Round-tripping involves selling unused assets for a promise to buy them or similar assets back at roughly the same price. In the end, no economic benefit exists for either company.
b. Incorrect. Round-tripping involves selling unused assets for a promise to buy them or similar assets back at roughly the same price. In the end, no economic benefit exists for either company.
c. Incorrect. Round-tripping involves selling unused assets for a promise to buy them or similar assets back at roughly the same price. In the end, no economic benefit exists for either company.
d. Correct.
You might also like to view...
If after aging the accounts receivables, it is estimated that $900 will not be collected and the allowance account has an existing debit balance of $200, the adjusting entry would be for the amount of $700
a. True b. False Indicate whether the statement is true or false
Two common classifications of liabilities are ________ and ________
a. current liabilities; long-term liabilities b. current assets; current liabilities c. current assets; property, plant, and equipment d. property, plant, and equipment; long-term liabilities
Hofstede’s five dimensions on which culture differs include all of the following except ______.
A. uncertainty avoidance B. masculinity-femininity C. performance orientation D. long-term-short-term orientation
Identify the adverb or adverbs in the sentence. The service will e-mail Tonya automatically if a lower-priced airline ticket became available