Which of the following correctly describes the accounting for advertising costs?
A) Advertising costs are product costs and are expensed as incurred.
B) Advertising costs are period costs and are expensed as incurred.
C) Advertising costs are product costs and are expensed when the manufactured product is sold.
D) Advertising costs are period costs and are expensed when the manufactured product is sold.
B
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Which of the following statements describes an oil and gas blind pool offering?
A) The income from producing wells is purchased at a discount from the present value of the projected future flows. B) The oil exploration occurs in an area that is not adjacent to any known oil reserves. C) Money is raised without a specific property being stated, and the GP selects the investments. D) An unknown number of representatives participates in the sale of known partnership units.
All of the following items are likely to be found in the introductory section of a questionnaire, EXCEPT:
a. screening questions. b. general instructions. c. assurance of confidentiality. d. identification of the research company. e. research questions.