Discriminant validity is a measure of construct validity that measures the extent to which the scale correlates positively with other measures of the same construct
Indicate whether the statement is true or false
FALSE
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Which of the following is not an inherent risk typically associated with the existence of dividends?
a. Dividends are recorded in the wrong period. b. Dividends are recorded before declared. c. Dividends are not properly amortized. d. Dividends have not been approved before being declared.
Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton. The entry that Shorecrest should use to record this land is:
a. Land.............................. 250,000 Donated Capital-Land 250,000 b. Land.............................. 250,000 Gain from Receipt of Donated Land 250,000 c. Land.............................. 250,000 Unrealized Gain from Receipt of Donated Land.................. 250,000 d. Land.............................. 250,000 Retained Earnings................ 250,000
Reduced inventory levels and faster response to changes in demand are both benefits of MRP
Indicate whether the statement is true or false
In selling paving stones to Yard & Garden Supply, Trey tells Yard & Garden's buying representative that the stones are "soft as carpet." This is
A. adhesion. B. fraud. C. mistake. D. puffery.