What Balancing Entry Is Most Likely to Be Called for If

question 119

Multiple Choice

What balancing entry is most likely to be called for if previously excluded intangible assets were added to a firm's balance sheet?

• A) Increase accumulated depreciation
• B) Decrease long-term debt
• C) Increase shareholders' equity
• D)Decrease current assets

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Definitions:

Channel Sales Representatives

New-business sales representatives who focus on securing new distribution channel outlets.

Order-Takers

Individuals or employees within a company responsible for taking orders from customers but not actively involved in sales solicitation.

Advantages

In the FAB sales approach, general statements about what the features do; they may or may not be connected to an expressed or actual customer need.

Expressed Need

A requirement or desire that has been clearly stated or communicated by individuals or groups.