If an offeror receives something of value in return for a promise to hold the offer open, it is said to be a(n) ________, and this type of offer cannot be revoked
A) option
B) counteroffer
C) invitation to make an offer
D)definite offer
A
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Product innovations are commonly associated with a differentiation strategy.
Answer the following statement true (T) or false (F)
While performing goodwill impairment testing, if the original reporting unit no longer exists because operations have been fully integrated into operations of the parent company, the approach would be to determine whether all other assets have been adjusted to fair value, where applicable
a. True b. False Indicate whether the statement is true or false
Which of the following is TRUE of a sales journal prepared under the perpetual inventory system?
A) It includes a Cost of Goods Sold DR, Merchandise Inventory CR column. B) It records both cash and credit sales transactions. C) All transactions recorded in a sales journal also are entered in the general journal. D) It cannot be used with a perpetual inventory system.
For manufacturing firms, the cost of completed products remains on the balance sheet as __________ assets until the firm sells the products; upon sale, the cost of the assets becomes a cost of goods sold expense
a. Direct Materials Inventory b. Work-in Progress Inventory c. Finished Goods Inventory d. Cost of Products Ready for Sale e. none of the above