The allowance method of handling bad debts violates the matching principle
Indicate whether the statement is true or false
F
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Sales revenues, net profits, return on sales, assets as a percentage of sales, and return on assets are measures of internal financial performance that provide a market-based view of performance
Indicate whether the statement is true or false
Which of the following is not a characteristic of a true lease?
a. Government agencies recognized the lessee as the owner of the leased asset. b. The rentals charged under leasing plans without an option to purchase approximate the rentals charged under plans with such an option. c. The lessor retains the right to inspect the equipment during the term of the lease. d. There is no mention of interest as a factor in rental charges.
Which of the following statements is FALSE with regard to costs of crashing activities in a project?
a. As each project activity is crashed in order, the overall project budget increases. b. It is usually necessary to crash all activities in a project. c. Crashing additional activities beyond a point merely adds costs to the budget. d. It may not be possible to crash all activities in a project.
The coinsurance provision in the homeowners' policy generally
A) prohibits homeowners from having more than one policy in effect at a given time. B) sets limits on the amount one insurance company will pay when there is more than one policy in effect. C) indicates the dollar deductible on each damage claim. D) requires the homeowner to pay part of the replacement cost when the dwelling unit is insured for less than 80% of its replacement value.