Financial Accounting Standards Board (FASB) Statement #13 requires that for an unqualified audit report, financial (or capital) leases must be included in the balance sheet by reporting the
a. residual value as a liability.
b. present value of future lease payments as an asset and also showing this same amount as an offsetting liability.
c. undiscounted sum of future lease payments as an asset and as an offsetting liability.
d. undiscounted sum of future lease payments, less the residual value, as an asset and as an offsetting liability.
e. residual value as a fixed asset.
b
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AutoFry is the leading manufacturer of ventless deep fryers for supermarket deli and food service operations. It has developed a new high-capacity fryer. The company has decided to purchase a mailing list of thousands of food service managers and to send out brochures with a detachable card that the managers can use to request more information. What is AutoFry involved in?
a. lead generation b. sales presentation c. moving through the sales continuum d. lead qualification
The second step in developing a competitive advantage is to turn a distinctive competency into a ________ that is important to customers
A) target market B) service C) marketing mix D) market position E) differential benefit