A Star Wars action figure given when a customer buys a Whopper meal at Burger King would be a(n):
A) bounce-back premium
B) in- or on-package premium
C) store or manufacturer premium
D) self-liquidating premium
C
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Boston Trombley Company is a defendant in a lawsuit alleging damages of $3 billion. The litigation is anticipated to continue for several years, but no reasonable estimate can be made at this time regarding ultimate financial responsibility. This situation is an example of:
a. An $3 billion expense to be recorded in the income statement during the year of the suit. b. A loss contingency that should be disclosed in the notes to Boston's financial statements. c. An estimated liability that must appear in Boston Trombley Company's balance sheet. d. None of these. No accrual or disclosure is required in Boston's financial statements.
The reason that more children play hockey and more adults watch hockey in the Northeast United States and more children play football and more adults follow football in the Southeast United States is founded in individual factors.
Indicate whether the statement is true or false
A firm issuing credit cards earns income from
A) loans it makes to credit card holders. B) payments made to it by stores on credit card purchases. C) payments made to it by manufacturers of the products sold in stores on credit card purchases. D) all of the above. E) only A and B of the above.
Which of the following is true?
(a) and are required closing tags. (b) is required, while is optional. (c) is optional, while is required. (d) and are optional closing tags.