The perception that all brands are essentially the same is called:

Your business purchased office supplies of $2500 on account. the journal entry to record this transaction is as follows:

a. Office Supplies 2,500 Accounts Receivable 2500 b. Office Supplies 2500 Accounts Payable 2500 c. Accounts payable 2500 Office supplies 2500 d. Cash 2500 Accounts payable 2500

An arms length transaction is best represented by:

a. a father selling the family ranch to his son b. a tax sale c. a seller and buyer, unknown to each other, both ready, willing, and able to complete a sale d. all of the above