What is the difference between the old and new accounting procedures with respect to promotion?
a. Promotion expenditures are now treated in exactly the same fashion as advertising expenditures, namely, as current expenses that are deducted from top-line revenue.
b. Promotion allowances received by retailers are now considered taxable income.
c. Many promotion allowances are no longer considered legal.
d. Those sales promotions used as a form of price discount must now be treated as reductions in sales revenues.
e. The new accounting system actually inflates manufacturers' actual revenue.
Question 2
The question, Do you exercise often? Seldom? Sometimes? is
a. leading.
b. concrete.
c. ambiguous.
d. contains an implied alternative.
e. contains an implied assumption.
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