Equity earnings can distort the reported results of a business's operations
Indicate whether the statement is true or false
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The brand equity of many oil companies is lower when associated with oil spills or controversial drilling practices. Which type of brand liability does this best represent?
A) customer dissatisfaction B) poor record on social issues C) product or service failures D) inadequate product line development E) poor product conformance
If the speaker is going to take questions, he or she should
a. ask people with questions to stay after. b. conclude before asking for questions. c. address the questions throughout the speech. d. wait until after an applause to ask for questions.
Section 5 of the Federal Trade Commission (FTC) Act gives FTC the authority to bring an administrative proceeding to attack a deceptive or unfair practice
Indicate whether the statement is true or false
Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.
A. Debit Salaries expense $18,000, debit Salaries payable $12,000; credit Cash $30,000. B. Debit Salaries payable $30,000; credit Cash $30,000. C. Debit Salaries expense $30,000; credit Cash $30,000. D. Debit Salaries expense $12,000; debit Salaries payable $18,000; credit Cash $30,000. E. Debit Salaries expense $18,000; credit Cash $18,000.