A(n) ____________________ asset is a long-term asset that has a physical substance
Fill in the blank(s) with correct word
tangible
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One of the problems with the percentage of sales budgeting method is:
A) deciding on the percentage level B) finding a benchmark figure to use C) the budget tends to change in the opposite direction of what may be needed D) the competition knows how much the company will spend on advertising
FASB's concept of comprehensive income
a. excludes transactions that involve the payment of dividends. b. requires that all transactions must be shown on the income statement. c. has a primary drawback because it allows management to manipulate the income figure to a certain extent. d. allows items that are not necessarily under management's control, such as natural disasters, to be shown as an adjustment of retained earnings.
Which of the following statements is not true of concessions?
A. Concessions restrict the range of solution options. B. A concession happens when one party suggests alterations to the other party's proposal. C. When a party makes a concession, the bargaining range is constrained. D. A concession happens when one party agrees to make change in their own position.
When using a niche marketing strategy, a firm goes after a large share of one or a few smaller segments
Indicate whether the statement is true or false