Any asset, except land, can be amortized, or ____________________, over time.
Fill in the blank(s) with the appropriate word(s).
depreciated
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Bonds issued by political subdivisions of the U.S. government but not obligation of the U.S. Treasury are called:
A. federal bonds. B. agency bonds. C. Treasury bonds. D. municipal bonds. E. trust bonds.
Adjustments to accounts receivable for payments received from customers is based upon
a. the customer's check b. the cash prelist c. the remittance advice that accompanies payment d. a memo prepared in the mailroom
One approach to training customers, recommended by advertising experts is to ____________
a. train employees like customers b. use radio advertising c. show service delivery in action d. design palpable service environments e. explain service procedures in advance
Unlicensed persons cannot recover payment for services where they do not have the required license
Indicate whether the statement is true or false