All of the following are types of oil and gas direct participation programs EXCEPT:

To which of the following material asset balances should an auditor object as not in accordance with U.S. GAAP?

a. Franchise fees paid b. Increase in goodwill resulting from annual testing c. Acquisition cost of an Internet domain name d. Research and development costs that will be billed to a customer at a subsequent date

Which type of price discount would most likely be offered by a ski lodge during the summer months?

A) quality discount B) seasonal discount C) promotional allowance D) associate allowance E) functional discount