Major equipment goods, such as machines, mainframe computers, and buildings are also referred to as:

A. investment goods
B. necessity goods
C. capital components
D. strategic goods
E. installations


Answer: E

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Typically, the operations process goals of the B/AR/CR:

a. vary, depending on the organization and its particular view of these processes b. remain the same for all organizations c. vary inversely with the information process goals d. are the same as the information process goals

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A journal entry that affects only two accounts is called a compound entry.

Answer the following statement true (T) or false (F)

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Which of the following transactions or events should be reported as a source of cash from operating activities when using the direct method?

A. Cash received from the sale of treasury stock. B. Depreciation expense. C. Cash received from the sale of a building. D. Credit sales. E. Cash collections from customers.

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Which of the following symbols represents the size of the sample

a. ?2 b. ? c. N d. n

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