S.K. Group of Manufacturers produces and distributes mattresses and pillows under the brand name SoftComfort. In this example, S.K. Group of Manufacturers uses which of the following types of brand names?

A) a founder name
B) an experiential name
C) a functional name
D) an acronym
E) a morpheme

B

Business

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Business people are presumed to be so familiar with the ordinary methods and practices of their business that they naturally expect them to be part of their contracts. These ordinary and expected practices are called the

a. Course of performance b. Course of dealing c. Usage of the trade d. None of the above.

Business

Since the Accumulated Depreciation account has a credit balance, it is reported on the liability side of the balance sheet along with other accounts that have a credit balance

Indicate whether the statement is true or false.

Business