Recording as an asset expenditures that have no future economic benefit is an example of

a. strategic matching.
b. change in methods or estimates with full disclosure.
c. a fictitious transaction.
d. non-GAAP accounting.


D

Business

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A debt to equity ratio of 1.0 means that half of the company's assets are financed by creditors

Indicate whether the statement is true or false

Business

In a common-size balance sheet for a retail store, the 100 percent amount is for

A) total liabilities. B) total property, plant, and equipment. C) total assets. D) total current assets.

Business

Which of the following is not a category of statutory law?

A. Business law. B. Labor law. C. Common law. D. Employment law.

Business

If a court orders rescission and restitution of a contract under which Nala sold a baseball card to Shirley in exchange for $450:

a. Shirley must return the baseball card. b. Nala must return the $450. c. Both a and b. d. Neither a nor b.

Business