The steps individuals go through in accepting or rejecting a new idea are known as
A. extensive problem solving.
B. the adoption process.
C. information search.
D. the dissonance process.
E. belief formation.
Answer: B
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Mildred desires to have $7,049 on deposit five years from today. If she has $4,000 to deposit, what rate of interest, compounded annually, must be obtained to accumulate the desired $7,049 in five years?
A) 12% B) 10% C) 9% D) 8%
Which one of the following does not constitute a probable relationship between accounts?
a. Equipment and depreciation. b. Patent and amortization. c. Assets under capital leases and amortization. d. Oil reserves and depreciation.
Rufina Corp sold for $20,000 plant assets that cost $40,000 and that had an accumulated depreciation of $8,000. The journal entry to record the transaction is:
A) Cash 20,000 Plant Assets 20,000 B) Plant Assets 32,000 Cash 32,000 C) Cash 20,000 Accumulated Depreciation 8,000Loss on Sale of Plant Assets 12,000Plant Assets 40,000 D) Cash 20,000 Loss on Sale of Plant Assets 12,000Plant Assets 32,000
When units produced equal units sold, reported income is identical under absorption costing and variable costing.
Answer the following statement true (T) or false (F)