One of the Key Strategies That Helped Barack Obama Win

question 74

Multiple Choice

One of the key strategies that helped Barack Obama win both of his elections for President was

• A) investing heavily in direct mail to reach older voters in their homes.
• B) identifying and micro-targeting potential younger voters through their e-mail and social media accounts.
• C) traveling to less populated parts of the country to target marginalized rural voters.
• D) putting lots of resources into television advertisements in conservative states to win them over.

Recognize the appropriate interest calculation for notes receivable.

Understand the use of fair value measurement in financial reporting under IFRS and GAAP.

Differentiate between the accounting and reporting issues for receivables under IFRS and GAAP.

Understand how to journalize transactions related to notes receivable and calculate interest revenue.

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Definitions:

Common Law

A body of legal rules and principles based on court judgments and customs, rather than formal statutes or legislations.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law across state lines.

Finance Lease

A type of lease in which it is assumed that the lessee will use the leased asset for the majority of its useful life, often with an option to purchase the asset at the end of the lease term.

Lease Contract

A legal agreement in which one party grants another party the right to use a property or equipment for a specified period in exchange for payment.