Which of the following is not a benefit to a department or discount store using leased departments instead of company-operated units?
a. a one-stop shopping environment
b. low investment requirements
c. high control of operations
d. payment based on sales, not profits
c
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Contributed capital does not include subscribed stock because it has not been issued yet
Indicate whether the statement is true or false
Contessa Company collected $42,000 cash on its accounts receivable. The effects of this transaction as reflected in the accounting equation are:
A. Both total assets and total liabilities decrease. B. Total assets decrease and equity increases. C. Total assets increase and equity decreases. D. Total assets, total liabilities, and total equity are unchanged. E. Both total assets and equity are unchanged and liabilities increase.
Think about the ethical values set forth in AMA's Code of Ethics. Which value is represented when a firm accepts constructive criticism from customers and other stakeholders?
A. respect B. responsibility C. honesty D. transparency E. fairness
Language that attempts to dismiss an express warranty is warranty
a. effective b. effective in some states, but not others c. not effective d. allowed under certain circumstances e. illegal and immoralwhen the disclaimer is inconsistent with the