The time period assumption assumes that an organization's activities can be divided into specific time periods such as months, quarters, or years.
Answer the following statement true (T) or false (F)
True
You might also like to view...
What is the correct method for calculating working capital?
a. Total Assets minus Total Liabilities b. Current Assets minus Total Liabilities c. Current Assets minus Current Liabilities d. Current Assets plus Current Liabilities
The existence of the rule of law in a foreign market suggests that
A. foreign investors can assume that their interests will be protected. B. personal relationships will be less effective than in a country governed outside the rule of law system. C. lawyers will be necessary in any substantive business transaction. D. legal rulings will be the basis of any dispute resolution.
Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected:
A. More than 60 days after fiscal year end. B. More than 30 days after fiscal year end. C. More than 90 days after fiscal year end. D. After fiscal year end.
What are the two basic types of negotiation? Define each. Describe the factors to consider when choosing which approach to take.
What will be an ideal response?