Macy's is considered which type of organizational customer?
A. intermediary
B. nonprofit
C. government
D. producer
E. charitable
Answer: A
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Equity is defined as a residual claim such that assets plus liabilities equals equity
Indicate whether the statement is true or false
Healthy Choice is a ____ manufactured by ConAgra Foods, which is a ____.
A. brand mark; trade name B. brand name; trade name C. trade name; brand D. brand name; trademark E. brand mark; trademark
Julio decides his business will begin staying open until 7 p.m. instead of 6 p.m. The next day, the shop stays open until 7 p.m. This environment of flexibility to quickly change is characteristic of what form of business organization?
A. Corporation B. Partnership C. S-corporation D. Flexible partnership E. Sole proprietorship
The GASB has the authority to establish accounting and financial reporting standards for:
A. Federal government. B. State governments. C. Private not-for-profits. D. None of the choices is correct.