Other comprehensive bases of accounting do not include which of the following?
a. Cash basis.
b. Tax basis.
c. Regulatory basis.
d. Intended basis.
d
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Which of the following is an example of a limited-service retailer?
A) Customers at TAB pick out the products they want and pay at the checkout counter. B) Salespeople at Eli are always on hand to offer shoppers advice and assistance in choosing products. C) Mina's allows customers to check out their own purchases in order to reduce the staff count. D) CLO's offers a number of merchandise-return privileges, customers need information and assistance while shopping. E) Alison's stocks a number of specialty products and the store's salespeople generally help shoppers with all their needs.
If office equipment is sold at cost in exchange for a promissory note,
a. total liabilities increase. b. total liabilities and stockholders' equity decrease. c. total assets decrease. d. total assets remain the same.
Assume that a salesperson asks a prospect to buy, and surprisingly, the prospect agrees. What should the salesperson do now?
A. Ask the customer for additional orders B. Discuss additional benefits C. Leave the office as soon as possible D. Use a trial close to seek additional sales E. Be totally silent and remain still
Advertising, public relations, personal selling, and sales promotion are the four elements of _____
a. communication channels b. communication c. selling d. promotion