AsiaCorp Is One of the Best in Its Industry in Terms

question 49

Multiple Choice

AsiaCorp is one of the best in its industry in terms of costs and performance.Many companies in its industry will probably consider AsiaCorp as a ________.

• A)pioneer
• B)benchmark
• C)target for acquisition
• D)future supplier
• E)sounding board for ideas

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Definitions:

Check Register

A record of checks written, deposits made, and balances in a checking account.

Vouchers Payable

An accounting term that represents the obligation of a business to pay for goods or services that have been received, but not yet paid for.

Purchases Discount

A contra-cost account in the general ledger that records discounts offered by vendors of merchandise for prompt payment of purchases by buyers.

Merchandise

Goods brought into a store for resale to customers.