Charge accounts are referred to as open-end credit because they
a. allow repeated borrowing without having to reapply for the credit each time.
b. don't have to be paid off completely each month.
c. make use of a plastic card.
d. can be used to purchase merchandise or to borrow cash.
a
Business
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Which of the following is true about lower-of-cost-or-market?
a. It is inconsistent because losses are recognized but not gains. b. It usually understates assets. c. It can increase future income. d. All of these.
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Forward invention refers to reintroducing earlier product forms that are well adapted to a foreign country's needs
Indicate whether the statement is true or false
Business