The sale of gift cards by a company is a direct example of:
A. Sales tax payable.
B. Current portion of long-term debt.
C. Deferred revenues.
D. Contingencies.
Answer: C
You might also like to view...
The Dual Concerns Model is a two-dimensional framework that postulates that people in conflict have two independent types of concern. What are those two types of concerns?
What will be an ideal response?
Which of the following corporate characteristics is a disadvantage of a corporation?
A) Stockholders have limited liability. B) A corporation has a continuous life. C) There is no mutual agency between the stockholders and the corporation. D) Earnings of a corporation may be subject to double taxation.
The measure of damages from a misrepresentation is ________
A) the actual value of the property B) the represented value of the property C) the difference between the value of the property as represented and the actual value of the property D) twice the actual value of the property which includes punitive damages
PepsiCo's Global Code of Conduct plays a pivotal role in ensuring that PepsiCo's employees, managers, and directors around the world are complying with the company's high ethical standards. Which of the three schools of thought are reflected in PepsiCo's Global Code of Conduct? Please explain your answer.
What will be an ideal response?