Accountants prepare financial statements at arbitrary points in time during a company's lifetime in accordance with the accounting concept of
a. matching.
b. comparability.
c. accounting periods.
d. materiality.
C
You might also like to view...
If a portfolio manager had to estimate the fair value of investments in timber, which of the following would he/she most likely identify as the level of inputs to determine this?
a. Level 1. b. Levels 1 and 2. c. Levels 2 or 3. d. All levels would be applicable.
Under the Pregnancy Discrimination Act:
a. family leave must be given to pregnant women and mothers of newborns. b. employers may not refuse to hire a pregnant woman, fire her, or force her to take maternity leave. c. employers must give family leave to fathers of newborns as well as to mothers. d. the BFOQ defense is not available.
Buying behavior refers to the decision processes and actions of people involved in buying and using products.
Answer the following statement true (T) or false (F)
You expect a 3% rate of inflation to continue indefinitely into the future. A $10,000 vacation today will cost $________ twenty years from now. (Table or calculator required.)
A) 10,300 B) 14,988 C) 18,061 D) 42,944