How is Accumulated Depletion disclosed in the financial statements?
A) Contra-asset account
B) Expense account
C) Contra-liability account
D) Contra-revenue account
A
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There are four main levels of corporate social responsibility. Which of the levels of responsibility includes a concern with going above the call of duty to benefit society?
A. economic B. legal C. ethical D. discretionary
Permanent accounts are:
a. Assets, Liabilities and Stockholders' Equity. b. Revenues, Gains, Expenses, Losses and Dividends. c. closed to retained earnings at the year-end. d. not represented by the accounting equation.
Which of the following is an advantage of budgeting?
A) forces managers to plan B) provides information useful for control C) provides information for improved decision making D) improves communication E) all of these
Using bias-free language permits the receiver to focus on your message rather than raising serious questions about your sensitivity
Indicate whether the statement is true or false