Drop shippers do all of the following EXCEPT which of the following?
A) take title to the merchandise
B) take actual possession of the merchandise
C) take orders from retailers and industry buyers
D) bill retailers and industry buyers
E) assume the same risks as other types of limited-service merchant wholesalers
B
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The cost of Fulton's inventory at the end of the year was $145,000 . Due to obsolescence, the cost to replace the inventory was only $90,000 . Net realizable value—what the inventory could be sold for—is $102,000. REQUIRED: Determine the amount Fulton should report on its year-end balance sheet for inventory assuming the company follows (a) U.S. GAAP and (b) IFRS
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Indicate whether the statement is true or false
Which of the above companies has the highest debt-paying ability?
The times-interest-earned ratios of four companies are given below:
A) Forge Company
B) Fellow Company
C) Stacy Company
D) Bennett Company
Identify a mechanism that allows employees to report wrongdoing and to create further mechanisms for follow-up and enforcement.
A. Code of conduct B. Accountability C. Mission statement D. Ethics hotlines