If an adjusting entry is not made for an accrued expense,
a. expenses will be overstated.
b. liabilities will be understated.
c. net income will be understated.
d. owner's equity will be understated.
Ans: b. liabilities will be understated.
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Peter plans to sell a number of different properties. He enters into an agreement with Agent Carla, in which she agrees to act as Peter's special agent. Under this agreement, how many properties can Carla list for Peter?
A. A special agent has no fiduciary obligations, so Carla can only list one property at a time B. A special agent may perform whatever legal acts have been authorized by the principal, so Carla can list as many properties as stated in the agreement C. A special agent acts as a dual agent, so Carla can only list two properties at a time D. None, because a special agent is in the business of appraising properties, not listing them.
Effective target marketing requires that marketers use market segmentation, market targeting, and market positioning to achieve success in the marketplace
Indicate whether the statement is true or false