Not-for-profits can report expenses by nature and function:
A. In the statement of activities.
B. In the notes to the financial statements.
C. As a separate financial statement.
D. All of the options are correct.
Answer: D
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Tara Corp reported the following information for 2015 and 2016. Accounts receivable, December 31, 2015 $ 67,000 Accounts receivable, December 31, 2016 63,000 Sales (all on credit)—2016 745,000 How much cash was collected from customers during 2016?
a. $741,000 b. $745,000 c. $749,000 d. $753,000
A psychological phenomenon in which people in a cohesive group go along with the group consensus rather than offer their own opinions is called ______.
A. groupthink B. group ineffectiveness C. social loafing D. brainstorming
Stockholders elect the board of directors which appoints the officers of a corporation
Indicate whether the statement is true or false
________ occurs when two established brand names of different companies are used on the same product
A) Licensing B) Co-branding C) Private branding D) Franchising E) Brand positioning