A customer purchased some goods on credit from Stears Corp. The customer then returned $750 worth of goods to the company because he found them to be defective. What will the contra revenue journal entry by the accountant be? A.
Customer Account (debit) 750; Sales Return Account (credit) 750
B.
Sales Return Account (debit) 750; Customer Account (credit) 750
C.
Sales Return Account (debit) 750; Sales Account (credit) 750
D.
Sales Account (debit) 750; Sales Return Account (credit) 750
E.
Sales Return Account (debit) 750; Cash Account (credit) 750

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.