If variables change in the same direction, what type of correlation is this called?
a.Positive correlation
b.Negative correlation
c.Positive causation
d.Negative causation
ANS:A
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Which of the following would not be considered to be an intangible asset?
a. Franchises b. Copyrights c. Investments d. Goodwill
Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?
A) the matching principle B) the disclosure principle C) the revenue principle D) the consistency principle
A company has $817,000 in bonds payable with an unamortized premium of $20,000 . If one-fourth of the bonds are converted to common stock, the entry that would record the conversion is:
a. Bonds Payable 204,250 Common Stock 204,250 b. Bonds Payable 224,250 Common Stock 224,250 c. Common Stock 199,250 Bonds Payable 199,250 d. Bonds Payable 204,250 Unamortized Bond Premium 5,000 Common Stock 209,250
One area of law that is particularly relevant to public relations writers centers around ________
A) licensing B) professional accreditation C) copyright D) rules for timely disclosure