Which of the following is a liability account?

When everyone saw the music industry facing a terrible decline due to pirating of songs on the Internet, Apple saw an opportunity for iTunes. This example illustrates which use of marketing research?

A) identify market opportunities and problems B) generate, refine, and evaluate potential marketing actions C) monitor marketing performance D) improve marketing as a process E) improve marketing research as a process

Which of the following is not considered a financing activity when preparing the statement of cash flows?

A) issuance of common stock B) redemption of bonds payable C) payment of dividends D) payments on notes receivable