If all customers within the same demographic territory pay the same shipping cost, this is known as uniform-delivered pricing

A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements?

A) Net income will be understated. B) Expenses will be overstated. C) Assets will be overstated. D) Liabilities will be overstated.

Which of the following is NOT a characteristic of a dealer market?

A) Dealers make a profit on the spread between what they pay for financial assets and what they sell them for. B) Securities are auctioned off to the highest bidder. C) Dealers buy and sell from their own portfolio. D) All of the above are characteristics of the dealer market.