Videobusters, Inc. offered books of video rental coupons to its patrons at $40 per book. Each book contained a certain number of coupons for video rentals
During the current period 500 books were sold for $20,000, and this amount was credited to Unearned Rental Revenue. At the end of the period, it was determined that $15,000 worth of coupons had been used by customers to rent videos. The appropriate adjusting entry at the end of the period would be:
A. Debit Rental Revenue $5,000 and credit Unearned Rental Revenue $5,000.
B. Debit Rental Revenue $15,000 and credit Unearned Rental Revenue $15,000.
C. Debit Unearned Rental Revenue $5,000 and credit Rental Revenue $5,000.
D. Debit Unearned Rental Revenue $15,000 and credit Rental Revenue $15,000.
D
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Which of the following is true of comprehensive income?
A) All items included in comprehensive income enter into the determination of net income. B) Dividend payments are not included in the determination of comprehensive income, even though it results in a decrease in total stockholders' equity. C) Comprehensive income includes company changes in total stockholders' equity from all sources, including owners' investments. D) Comprehensive income cannot be combined with a traditional income statement into a combined statement of comprehensive income.
Bureaucracy is listed as a political risk category by:
A) BERI (Business Environment Risk Intelligence). B) PRS Group. C) EIU (Economist Intelligence Unit). D) WTO (World Trade Organization). E) OPIC (Overseas Private Investment Corporation).