When a tangible component is not included in a service, such as with counseling, it is called a(n) ________
Fill in the blanks with correct word
pure service
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Which of the following is correct regarding the treatment of short-term obligations expected to be refinanced?
a. If an obligation has actually been refinanced or a firm refinancing agreement is in place by the date financial statements are issued, then reclassify the short-term obligation as long-term b. Classify the short-term obligation as long-term if the obligation has been refinanced by the date the financial statements are issued c. Classify the short-term obligation as long-term if the obligation has been refinanced by the balance sheet date. d. There is no provision for reclassifying short-term obligations expected to refinanced as long-term obligations under international accounting standards.
In estimating factory overhead, it is necessary to separate costs into their fixed and variable components
Indicate whether the statement is true or false
For most people, Crest toothpaste would be a _______________ product.
Fill in the blank(s) with the appropriate word(s).
Which of the following is an example of risk retention?
A) Not driving an automobile to avoid having an accident B) Wearing a safety belt when driving C) Purchasing auto insurance D) Having a $200 deductible clause on your auto insurance policy