Which principle accounts for the fact that delivery charges are expensed for sellers but added to inventory for buyers?
A) Revenue recognition principle
B) Going concern principle
C) Matching principle
D) Shipping principle
C) Matching principle
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Corporate codes of ethical conduct:
A. accurately reflect the values of society. B. are sometimes viewed as thinly disguised attempts to mislead the public into thinking that the company behaves ethically. C. tend to expressly publish policies that deal directly with corruption to avert legal measures that might impose severe constraints. D. effectively deter unethical behavior.
How should the gain or loss that is considered infrequent be disclosed?
A) separately in the income statement immediately after income from continuing operations B) on a net-of-tax basis in the income statement immediately after income from continuing operations C) as an contingency item in the footnotes D) separately in the income statement as a component of income from continuing operations
Describe how you would avoid two of the problems employers commonly encounter during the selection process.
What will be an ideal response?
Venus Office Supplies offers customers a $0.50 coupon for turning in their empty printer cartridges. Venus collects the cartridges and then returns them to the producer for recycling. This is an example of ________.
A. inbound logistics B. outbound logistics C. reducing transactions D. order processing E. reverse logistics