Use of a longer useful life for depreciation is an example of conservative accounting.
Answer the following statement true (T) or false (F)
False
Use of a shorter useful life for depreciation is an example of conservative accounting.
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The market ________ has the largest market share and usually shows the way to other firms in price changes, new-product introductions, distribution coverage, and promotional intensity
A) challenger B) entrant C) follower D) nicher E) leader
Which of the following is true of an extemporaneous business presentation?
a. The presentation is planned, prepared, and rehearsed. b. The speaker may not utilize note cards, an outline, or other reminders during the presentation. c. The presentation is written in detail to serve as a visual reminder during the delivery. d. The presentation is memorized for complete recall.
Inventory that is to be used to cover demand over the period between purchases or production runs is referred to as?
a. Cycle b. Hedge c. Safety stocks d. Transportation
Bliss Corporation settles a liability by making a payment in cash. How does paying this liability affect the accounting equation of the business?
A) assets and liabilities decrease B) liabilities decrease and equity increases C) assets and liabilities increase D) assets increase and equity decreases