Firms that make only tangible products are engaged in goods production
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Goods are tangible products, while services may be either tangible or intangible.
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Which of the following are the four common types of effectiveness MIS metrics?
A. Unstructured decisions, customer satisfaction, conversion rates, financial B. Usability, customer service, conversion rates, fiscal year revenue C. Usability, customer satisfaction, conversion rates, financial D. Usability, customer satisfaction, conversion rates, affordability
A parent company buys bonds on the open market that had been previously issued by its subsidiary. The price paid by the parent is less than the book value of the bonds on the subsidiary's records. How should the parent report the difference between the price paid and the book value of the bonds on its consolidated financial statements?
A) As a loss on retirement of the bonds B) As a gain on retirement of the bonds C) As an increase to interest expense over the remaining life of the bonds D) Because the bonds now represent intra-entity debt, the difference is not reported.