The convention of consistency pertains to the use of the same accounting principles by firms in the same industry
Indicate whether the statement is true or false
False
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The number of small business owners who are choosing to go it alone is increasing significantly because this option has been made increasingly manageable by
A. new tax incentives. B. emerging technologies. C. expanding social networks. D. balanced management teams.
Suppose a bank earned $173 million in interest on its assets of $2,153 million, it paid out $81 million in interest on its liabilities (excluding capital) of $2,007 million, and it paid its workers $71 million in total compensation. The bank's spread is approximately
A. 2 percent. B. 3 percent. C. 4 percent. D. 5 percent.
The principal difference between depreciation expense and most other types of expenses is that
A) depreciation expense can be avoided if the asset is worth at least what the company paid for it. B) depreciation expense requires an annual outlay of cash. C) the total amount of depreciation expense for the asset is reported on the balance sheet. D) depreciation expense is subject to more precise measurement than most other expenses.
Some people have a(n) ________, or cooperative, orientation, which means a preference for outcomes that benefit both self and others with whom they are interdependent.
Fill in the blank(s) with the appropriate word(s).