A sale by a factor can pass title to goods from the consignor to the purchaser.?
Indicate whether the statement is true or false
True
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Rental receipts for the period July 1, 2015, through June 30, 2016, were collected on June 30, 2015. The effects of these economic events on the 2015 financial statements for unearned revenue and rent revenue are Unearned Revenue Rent Revenue I. Increase Increase II. Increase Decrease III. Decrease No effect IV. Decrease Increase
A) I B) II C) III D) IV
Nonsystematic risk factors would include all of the following except:
a. the sustainability of the firm's strategy b. the firm's ability to generate revenue growth c. the firm's ability to control expenses d. unemployment levels
The completed-contract method of accounting for long-term construction-type contracts is preferable when
a. a contractor is involved in numerous projects. b. the contracts are of a relatively long duration. c. estimates of costs to complete and extent of progress toward completion are reasonably dependable. d. there are inherent uncertainties in the contract beyond normal business risks.
An important feature of an equity joint venture is that:
A. it provides the most benefits when the need for product specification or differentiation is high. B. it organizes worldwide operations based primarily on function and secondarily on product. C. it is characterized by one group's merely providing a service to another. D. it involves a financial investment by a multinational company (MNC) in a business enterprise with a local partner.