Which of the following segments of the tourism industry has continued to nurture a close working relationship with travel agents?
A. airlines
B. hotels
C. cruise lines
D. theme parks
Answer: C. cruise lines
Business
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When buying receivables with recourse, the purchaser assumes the risk of collectibility and absorbs any credit loss.
a. true b. false
Business
The account title used for recording the payment of rent in advance for an office building is ________.
A) Prepaid Rent B) Rent Payable C) Rent Revenue D) Rent Expense
Business