26. Consignments refer to that specialized marketing method whereby the Consignee _______________.

a.

holds title to the product

b.

pays for good up front and is paid when merchandise is sold

c.

purchases goods for sale and sends payment when goods are sold

d.

takes possession of the merchandise, but title remains with manufacturer

27.

A company should evaluate its indefinite life intangible assets at least annually for ________.

a.

estimated useful life

b.

impairment

c.

amortization

d.

recoverability