Sales discount is classified as a:
a. contra–liability account.
b. contra–expense account.
c. contra–revenue account.
d. contra–asset account.
c
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Refer to Figure 11.3. If the supply curve is represented by S0, then the equilibrium exchange rate is
a. $1.20.
b. $1.00.
c. $0.80.
d. $0.60.
Which of the following does not represent a problem with financial analysis?
a. Financial statement analysis is an art; it requires judgment decisions on the part of the analyst. b. Financial analysis can be used to detect apparent liquidity problems. c. There are as many ratios for financial analysis as there are pairs of figures. d. Some industry ratio formulas vary from source to source. e. Adequate detailed disclosure of how the industry ratios are computed is often lacking.
Ethnocentrism is defined as a negative attitude about an individual, a group, or a race, or about its supposed characteristics
Indicate whether the statement is true or false
Three torts comprise the misuse of legal procedure. They include:
a. malicious prosecution. b. slanderous prosecution. c. fraudulent misrepresentation. d. All of these.