Most public companies use the indirect method to prepare their statement of cash flows because it is the method the FASB prefers

The Merchandise Inventory account of a company shows a balance of $70,000 but a physical count of inventory shows $67,000 Which of the following entries is required to record the shrinkage? (Assume a perpetual inventory system.)

A) Cost of Goods Sold 3,000 Shrinkage Expense 3,000 B) Merchandise Inventory 3,000 Cost of Goods Sold 3,000 C) Cost of Goods Sold 3,000 Merchandise Inventory 3,000 D) Cash 3,000 Merchandise Inventory 3,000

Manufacturers of Splenda, a low-calorie sugar substitute, wanted to arrange a focus group to find out its use in different markets. Open-ended questions were used in order to secure the unconscious attitudes and biases held by the subjects

This type of technique is known as: A) scaling technique. B) qualitative technique. C) projective technique. D) reactivity technique. E) MDS technique.