Which of the following statements regarding the gross and net methods for recording trade accounts payable is true?
A) The net method overstates accounts payable at the end of the accounting period.
B) The net method is more widely used in practice than is the gross method.
C) The gross method more accurately measures liquidity.
D) The net method highlights management inefficiency because purchase discounts lost are recorded whenever an invoice is paid after the cash discount period has expired.
D
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Honi is not a resident of Iowa although her website can be accessed by residents of that state. Jean files a suit against Honi in an Iowa state court. The court is most likely to have jurisdiction over Honi if Jean’s claim arises from
A. minimum contacts between Honi and any Iowa resident. B. substantial business between Jean and Honi through Honi’s website. C. no interactivity between Honi and any Iowa resident through Honi’s website. D. the Internet’s capacity to bypass boundaries.
When a leader uses skills to improve the task performance effectiveness of the team he or she is using ______.
A. environmental leadership monitoring processes B. external leadership action processes C. internal relational leadership actions D. internal task leadership actions
One of the benefits of a relational database system is that
a. end users who generally had limited programming experience can still utilize the query functionality b. organizations can easily implement them c. they are easy to maintain d. they are a strategic HRM resource
Which of the following is not classified as a support activity reported by not-for-profit entities?
A. Management expenses. B. Program expenses. C. Fund-raising expenses. D. General expenses of operating the not-for-profit entity.