The part of the product's package used to present information is the:
a) brand
b) label
c) product mix
d) symbol
Ans: b) label
Business
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In 2015, Broyles, Inc. reacquired 3,000 shares of its common stock at $55 per share. In 2016, Broyles, Inc. reissued 1,000 shares of the stock at $75 per share. Which of the following would be included in the 2016 entry?
a. Credit Cash for $165,000. b. Debit Treasury Stock for $75,000. c. Credit Treasury Stock for $55,000. d. Credit Cash for $75,000.
Business
Strict liability applies to services but not products
Indicate whether the statement is true or false
Business