Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?
A) conservatism
B) materiality concept
C) disclosure principle
D) consistency principle
B) materiality concept
You might also like to view...
Par value
A) is established for a share of stock after it is issued. B) is the legal capital established for a share of stock. C) represents what a share of stock is worth. D) represents the original selling price for a share of stock.
In general, how do most people feel about their jobs?
A. antipathy B. satisfied C. dissatisfied D. indifferent
What is the major weakness behind the two-step flow theory of communication?
A) It assumes that all audiences are relatively homogenous. B) Communications may involve multiple steps, not just two. C) Communication moves both ways, not just one way. D) The mass media is only one of many factors that influences people.
What are the different sets of benefit programs that are common in U.S. companies? Please list and explain the purpose of each set of benefit programs. Be sure to give examples of each.
What will be an ideal response?