The use of acquisition cost as a valuation method is justified on the basis that acquisition cost is:
a. timely
b. relevant
c. subjective
d. objective
D
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Which of the following is not a disadvantage of using the direct write-off method for recording uncollectible accounts?
A) Increases the cost of record keeping B) violates the expense recognition principle C) allows manipulation of earnings D) overstates the net realizable value of receivables
The accounts and balances shown below were gathered from Pastel Corporation's trial balance on December 31 . 2014 . All adjusting entries have been made. Wages Payable ........................................... $ 25,600 Cash .................................................... 17,700 Mortgage Payable ........................................ 151,600 Dividends Payable
....................................... 14,000 Prepaid Rent ............................................ 13,600 Inventory ............................................... 81,800 Sinking Fund Assets ..................................... 52,400 Short-Term Investments .................................. 15,200 Premium on Bonds Payable ................................ 4,600 Stock Investment in Subsidiary .......................... 102,400 Taxes Payable ........................................... 22,800 Accounts Payable ........................................ 24,800 Accounts Receivable ..................................... 36,600 See information for Pastel Corporation above. Pastel Corporation's working capital is a. $77,700. b. $73,100. c. $62,500. d. $125,700.
The specialized part of public relations that counsels management on how to respond negative situations is which of the following?
A. Marketing D. Public affairs B. Issues management E. Crisis management C. Investor relations
When considering a change, it is recommended that you take care to avoid risks
Indicate whether the statement is true or false