What are some of the implications of accrual accounting?

What will be an ideal response?


Using accrual accounting attempts to match revenues with related expenses. It sometimes leads to subjective assumptions that are not reasonable.

Business

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Writ of certiorari (cert.) may be granted when:

A. a person does not want to appeal to the Supreme Court. B. the Supreme Court has too many cases to be heard and has no time to take up a new case. C. there have been conflicting decisions in similar cases by different courts of appeal. D. a case has the validity of a federal statute in agreement.

Business

Why do companies generally divide a market into segments of customers?

What will be an ideal response?

Business

Elsa contends that she can taste the difference between fat-free cheeses and those with its regular fat content. Elsa is exhibiting

A. cognitive dissonance. B. selective retention. C. stimulus discrimination. D. stimulus generalization. E. selective comprehension.

Business

At a plant where car doors were manufactured, all of the following would be classified as direct labor except:

a.Machinists. b.Assembly workers. c.Maintenance personnel. d.Painters.

Business