Under the accrual method, expenses are recognized when revenue is earned
a. True
b. False
Indicate whether the statement is true or false
False
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The Heinrich v. Titus-Will Sales, Inc case stands for the principle that:
a. the UCC requires proper state licensing for a company claiming to be a merchant to actually have merchant status. b. a buyer in the ordinary course of business acquires good title when buying from a merchant seller who was entrusted with possession of the goods. c. risk of loss depends on who has title to the goods at the time the goods are damaged or destroyed. d. a void title is no title.
The __________ Act illustrates that corporate conduct violating society's expectations can result in new forms of regulation without regard for feasibility or cost
a. White-Rush Dow Jones Conciliatory b. Dodd-Frank Wall Street Reform and Consumer Protection c. Corporate and Securities Reform and Retribution Consumer Protection d. Securities and Oversight
You purchased 500 shares of A.M.J. Inc. common stock one year ago for $50 per share. You received
a dividend of $2 per share today and decide to take your profits by selling at $54.50 per share. What is your holding period return? A) 6.5% B) 9.0% C) 13.0% D) 4.0%
Which of the following is a distinctive advantage offered by magazine ads?
A. higher reach B. greater frequency C. long life span D. low lead time E. low costs