Managerial accounting information can be forwarded to the managers of a company quickly since external auditors do not have to review it, and estimates and projections are acceptable.

Answer the following statement true (T) or false (F)


True

Business

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The issue of deciding when to record a transaction is solved by

a. properly classifying the transaction. b. deciding on a point of recognition. c. assigning historical cost to the transaction. d. analyzing the intent of management.

Business

Identify the sentence that does not contain a cliché, slang, or a buzzword

A) If you want to play ball with me, you need to increase your offer. B) Let me take this opportunity to congratulate you on your promotion. C) As you requested, I sent a new catalog to the supervisor. D) The bottom line is that we must strategize about improving our customer relations. E) If I can be of further help, please do not hesitate to call me.

Business

Transnational Corporation and United Shipping, Inc, agree to a contract that includes an arbitration clause. If a dispute arises, a court having ju¬ris¬dic¬tion may

a. monitor any arbitration until it concludes. b. order an arbitrator to rule in a particular way. c. order a party to bring the dispute to court. d. order a party to submit to arbitration.

Business

If your disability insurance policy is "class cancelable," then

A) the company may cancel any individual policy within the current group of insureds. B) the company may cancel only a few high risk individual policies, but not the entire class of insureds. C) the company can cancel an individual policy only if it cancels all policies written by the company. D) the company can cancel an individual policy only if it cancels an entire class of insureds. The class need not consist of all policies written by the company.

Business