Which of the following is not true regarding the treatment of multiyear pledges, according to FASB Statement 116?
A. They should be reported net of an allowance for estimated uncollectibles.
B. At the end of each accounting period, the difference between the new and previously recorded present value is recorded as interest revenue.
C. They should be recorded as temporarily restricted.
D. They are recorded at the present value of future collections.
Answer: B
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The theory under which people make the choice that promises them the greatest reward if they think they can get it is
A. goal-setting theory. B. equity theory. C. reinforcement theory. D. expectancy theory. E. two-factor theory.
Which of the following accounts is not classified as a current liability?
a. Note payable, due in three (3) years b. Taxes payable c. Salaries payable d. Accounts payable
The triangle of meaning is comprised of which three components?
a. symbol, referent, inference b. word, meaning, inference c. word, symbol, thought d. symbol, thought, referent
In the United States, civil rights legislation, from the 1960s and later, outlawed job discrimination on the basis of:
a. Sex b. Education c. Marital status d. Socioeconomic status