List and briefly discuss three accounting concepts and principles that apply to accrual basis accounting
What will be an ideal response
1. Time period concept — A business's activities can be sliced into small time segments and financial statements can be prepared for specific periods of time.
2. Revenue recognition principle — Revenue is recorded when it has been earned.
3. Matching principle — Expenses are matched against the revenues of the period. This ensures that all expenses are recorded when they are incurred.
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How does the team problem-solving process differ from the pinch theory reconciliation process?
a. It emphasizes clarification of the problem up front. b. It helps parties to the conflict understand each other’s perspectives. c. It better utilizes the unique perspectives of parties to the conflict. d. It prevents the conflict from escalating to a more intense problem.
The report planning model does not apply to collaborative writing
Indicate whether the statement is true or false
Which of the following is NOT an example of a trial court of limited jurisdiction?
A) A probate court B) A juvenile court C) A small claims court D) A general civil division court
Which of the following is a prohibited basis under the Equal Credit Opportunity Act:
a. race b. sex c. age d. religion e. all of the other specific choices are correct