Amortization is the expensing of:
A. equipment and buildings.
B. land.
C. supplies.
D. long-term assets that lack physical substance.
Answer: D
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Companies need service and product cost information for both financial reporting and managerial accounting.
Answer the following statement true (T) or false (F)
Franchising is a variation of licensing strategy in which there is a contract between the parent company franchiser and a franchisee that allows the franchisee to operate a business developed by the franchiser in return for all rights for operations
Indicate whether the statement is true or false
CATS stands for:
A) completely automated telephone survey B) computerized aromatic telegraphed senses (surveys involving the sense of smell) C) computerized aerial telegraphy survey (surveys taken from airplanes) D) completely aided toll standard (calls are automatically charged to individual clients as they are made) E) completely aided T-line service
The ________ is an assurance that provides that leased premises must be fit, safe, and suitable for ordinary residential use
A) implied warranty to pay rent B) implied warranty of habitability C) duty to deliver possession D) duty not to use leased premises for illegal or nonstipulated purposes