The reintroduction of an intermediary between producers and users is called:
A. disintermediation
B. reinstatement
C. selective retention
D. reestablishment
E. reintermediation
Answer: E
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An example of a current liability that must be accrued is
a. accounts payable. b. current maturity of long-term debt. c. revenue received in advance. d. income taxes payable.
________ are private-label products produced by the retailer that imitate the national brand in both appearance and packaging, but are often offered at a lower price.
A. Exclusive brands B. Copycat brands C. Generic brands D. Licensed brands E. Premium brands
Earnings per share information should be reported for all of the following except
a. continuing operations. b. extraordinary gain. c. net income. d. cash flows from operating activities.
During a period of declining inventory costs, which of the following inventory costing methods should be used by a company that intends to minimize its income tax expenses?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification