Revenues are recognized when
A) net assets increase or decrease as a result of any company activity.
B) net assets increase or decrease as a result of primary operating activities.
C) net assets increase as a result of any company activity.
D) net assets increase as a result of primary operating activities.
D
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Which of the following promotion tools is most closely associated with building up a positive corporate image and handling unfavorable stories and events?
A) sales promotion B) personal selling C) direct marketing D) public relations E) advertising
The workers' union of Bolden Steels meets every Saturday night to discuss the work done by various members of the union. At one of the meetings, Casey, a worker at the plant, announced her intention of suing the union
Her allegation was that the union made an unfair deal with the management and cheated her out of a promotion. The union leader prohibited her from taking the case to court. In this case, Casey can sue the union under the provisions of the ________. A) Wagner Act B) Landrum-Griffith Act C) Taft-Hartley Act D) Consolidated Omnibus Reconciliation Act
Taxpayers who change from one accounting period to another must annualize their income for the resulting short period.
Answer the following statement true (T) or false (F)
Assume you are the creditor in each of the following situations. Identify the kind of security agreement that is involved in each transaction and explain how you would perfect that agreement
a. You are the creditor (Everby Bank), and you lend Brisco Gaines $5,000 for a sound system. b. First Bank loans Doris $10,000 to purchase inventory for her store. c. First Bank loans Brad $5,000 to purchase a computer network for use in his store office. d. Kevin needs cash for gambling debts. He brings in his high-definition TV to secure a $500 loan.