Coronado Company purchased equipment and these costs were incurred: Cash price $64600 Sales taxes 4000 Insurance during transit 610 Installation and testing 840 Total costs $70050 Coronado will record the acquisition cost of the equipment as

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.