Answer the following statements true (T) or false (F)
1) An invoice is a request for payment from the purchaser.
2) An invoice is also known as a bill.
3) An invoice can be either a sales invoice or a purchase invoice.
4) The Merchandise Inventory account is an expense account that is used only for goods purchased that the business owns and intends to resell to customers.
5) The Merchandise Inventory account is an asset account that is used only for goods purchased that the business owns and intends to resell to customers.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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A promise to give money in exchange for something that has already been done is binding
a. true b. false
Which measures physiological reactions to advertisements and marketing messages?
A) recall tests B) advertising tracking research C) biometric measures D) test marketing