________ refers to a channel stretching from raw materials to components to final products that are carried to final buyers

A company has unearned revenues on its books. If the company fails to record a year-end adjusting entry for unearned revenues, then its financial statements

A) understate retained earnings and overstate revenues. B) understate net income and overstate retained earnings. C) understate revenues and understate liabilities. D) overstate assets and overstate revenues. E) understate revenues and overstate liabilities.

In an exclusive right to sell listing, the principal contracts

A) with several brokers, each of whom deals with only one third party. B) to pay the broker a commission regardless of who procures the buyer. C) with only one broker, but reserves the right to sell the property herself without paying a commission. D) with several brokers.