Refer to the information above. Failure to make the appropriate adjustment to the Salary Expense account will:
A. Understate net income for December by $6,800.
B. Understate net income for January by $6,800.
C. Overstate total liabilities at December 31.
D. Overstate the balance in Cash at December 31.
B
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Coca-Cola has collaborative arrangements whereby it produces concentrate that it sells to other companies to bottle its drinks. Which of the following terms best describes this type of arrangement?
A) vertical alliance B) horizontal alliance C) link alliance D) scale alliance
Which of the following represents a "change" associated with the "five roots of opportunity" explored in the text?
A) The invention of the cell phone B) Expanded completion within an industry C) The entry of a new competitor D) Development of the technology for social networking E) The green movement and society's new concern with recycling