Which of the following is true?
A. The book value at the end of an asset's useful life will be the same under all the depreciation methods allowed under GAAP.
B. The total depreciation in the accumulated depreciation account will be the same at the end of the asset's useful life under all the methods allowed under GAAP.
C. The annual depreciation expense will differ under the various depreciation methods.
D. Both A and B are true.
E. All of the above are true.
Ans: E. All of the above are true.
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A corporate director commits a breach of duty if
A. The director's exercise of care and skill is minimal. B. A contract is awarded by the company to an organization owned by the director. C. An interest in property is acquired by the director without prior approval of the board. D. The director's action, prompted by confidential information, results in an abuse of corporate opportunity.
Which of the following is the first step in the process of personal selling?
A) prospecting and qualifying B) sales preapproach C) sales presentation D) unearthing objections E) demonstrating advantages