Which of the following is a permanent difference?
a. interest received on state and municipal obligations
b. deductible pension funding exceeding expense
c. installment sales of accounted for on an accrual basis
d. product warranty liabilities
Ans: a. interest received on state and municipal obligations
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Which of the following statements is true about Millennials?
a. They spend more time watching television or reading newspapers than surfing the Web. b. They are a smaller cohort than Baby Boomers. c. They are the group most affected by the Great Recession of 2008-2009. d. They are aged between forty-five and sixty years.
Marketing surveys have revealed that only about one-third of purchases are planned prior to reaching a store, which increases the importance of a product's packaging
Indicate whether the statement is true or false