Which of the following is not considered an intangible asset?
A) License
B) Gas field
C) Customer list
D) Trademark
B
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A petty cash fund was established with a $525 balance. It currently has cash of $35 and petty cash tickets as shown below:
Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A) debit to Cash Short & Over for $35
B) credit to Cash Short & Over for $35
C) debit to Petty Cash for $35
D) credit to Petty Cash for $35
Which of the following is a disadvantage of straight product extension?
A) It involves additional product development costs. B) It involves changing the product to meet local requirements. C) It requires planning a new promotional strategy to promote the product. D) It can be costly in the long run if products fail to satisfy consumers in specific global markets. E) It requires making changes in the manufacturing process.
The lessee's balance sheet liability for a capital lease would be periodically reduced by the
a. minimum lease payment. b. minimum lease payment plus the amortization of the related asset. c. minimum lease payment less the amortization of the related asset. d. minimum lease payment less the portion of the minimum lease payment allocable to interest.
The “equity norm” suggests that those who contribute more to an organization should receive:
A) More rewards than their colleagues B) Less rewards than their colleagues C) Same rewards as their colleagues D) Equitable relief