In the recognition criteria for liabilities with uncertain amount and/or timing, "probable" is used in U.S. GAAP to refer to a threshold of likelihood—a rule of thumb used in practice is approximately _____ In IFRS, "probable" as recognition criterion for liabilities with uncertain amount and/or timing means approximately _____
a. 33%; 25%
b. 51%; 51%
c. 60%; 25%
d. 80%; 51%
e. 90%; 75%
D
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The ______________________________ data store contains invoice records
Fill in the blank(s) with correct word
Leverage from scale economies is limited to manufacturing industries
Indicate whether the statement is true or false
Exhibit 8-2 The Dormer Company uses the gross profit method to estimate its inventory in interim financial statements. The markup on cost is 50%. The following information is available: January 1, 2016, inventory balance $12,500 Purchases 25,000 Sales during January 24,000 ? ? Refer to Exhibit 8-2. The estimated inventory at January 31, 2016, is
A) $25,500 B) $21,500 C) $16,000 D) $12,000
To a producer of goods, a greater number of channel levels means ________ and greater channel complexity
A) less distance between producer and end consumer B) less control over the distribution process C) fewer potential channel conflicts D) higher taxes E) fewer channel partners