Which of the following statement is incorrect regarding how balance sheets are prepared?
A) The left-hand side of a balance sheet shows a firm's assets.
B) The assets on a balance sheet are shown in order of liquidity.
C) Assets are recorded at fair market value rather than cost.
D) The right-hand side of a balance sheet shows a firm's liabilities and its owners' equity.
E) Intellectual property receives value in some cases and in some cases it does not.
C
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In addition to estimating the time required for activities, advanced applications of PERT estimate the
a. job satisfaction associated with the task. b. amount of resources to needed to accomplish the job. c. productivity bonuses paid to workers who finish on schedule. d. starting day of the project.
Which of the following constitutes a vertical restraint?
A) an anticompetitive agreement between two competitors B) an exclusive-dealing contract between a manufacturer and a retailer C) a group boycott by criminal defense attorneys seeking higher fees D) the formation of a market division by two manufacturers