Smoothwater Driftboat Corporation Refuses to Sell Its Products to Sportsters

question 20

Multiple Choice

Smoothwater Driftboat Corporation refuses to sell its products to Sportsters Weekend,Inc. ,a recreational products dealership.This is

• A)price discrimination.
• B)a horizontal market division.
• C)an exclusive-dealing contract.
• D)a unilateral refusal to deal.

Analyze the similarities and differences in financial statements between service and retail businesses.

Understand the closing process and the accounts involved in closing entries.

Identify and understand various discounts, terms, and policies in inventory management.

Recognize the accounts included and not included in the cost of merchandise sold section.