A news story on the bonuses received by executives of a bank that received bailout money from the Federal government is an example of:
A. a sales promotion
B. free advertising
C. demarketing
D. newspaper advertising
E. publicity
Answer: E
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An asset's book value or carrying value is its:
A. accumulated depreciation. B. cost minus salvage or residual value and accumulated depreciation. C. cost minus salvage or residual value. D. cost minus accumulated depreciation.
________ restraints are restrictions on trade through an agreement with a competing company.
Fill in the blank(s) with the appropriate word(s).
The purpose of closing entries is to transfer:
A. Inventory to Cost of Goods Sold when merchandise is sold. B. Accounts Receivable to Retained Earnings when an account is fully paid. C. Balances in temporary accounts to a permanent account. D. Assets and liabilities when operations are discontinued.
In general-jurisdiction trial courts, the testimony and evidence at trial are recorded and stored for future reference
Indicate whether the statement is true or false