The accrual basis of accounting recognizes
a. Revenue when cash is received from customers
b. Expenses when paid
c. Revenue when all or a substantial portion is performed
d. Revenue when contracts are signed
C
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In commercial marketing research, the ________ test is used more often than a ________ test
A) one-tailed; two-tailed B) two-tailed; one-tailed C) exhaustive; inexhaustive D) inexhaustive; exhaustive E) B and C
A group of related products marketed by the same firm is its
A. product line. B. product category. C. marketing line. D. product mix. E. marketing mix.
On January 1, 2016, Demarest Company purchased equipment and signed a six-year mortgage note for$80,000 at 15%
The note will be paid in equal annual installments of $21,139, beginning January 1, 2017. Calculate the portion of principal amount paid on the third installment. (Round your answer to the nearest whole number.) A) $12,086 B) $12,000 C) $21,139 D) $9,053
The current ratio of a firm would be increased by which of the following?
A) Land held for investment is sold for cash. B) Inventories are sold for cash. C) Inventories are sold on a credit basis. D) Equipment is purchased, financed by a long-term debt issue.