Which of the following types of marketing research firms gathers consumer and trade information and then sells it for a fee (e.g., Nielsen Media Research)?

Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account?

A) Cash 750 Accounts Payable 750 B) Accounts Payable 750 Cash 750 C) Cash 750 Office Supplies 750 D) Accounts Payable 750 Office Supplies 750

The materiality concept states that a company must ________

A) report only such information that enhances the financial position of the company B) perform strictly proper accounting only for significant items C) report enough information for outsiders to make knowledgeable decisions about the company D) use the same accounting methods and procedures from period to period