The most important accounting problem in dealing with merchandise inventory is the application of which of the following conventions or rules?
A) Materiality
B) Full disclosure
C) Matching
D) Conservatism
C
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For which of the following reasons is the Volkswagen emissions cheating of modest, rather than high, moral intensity, according to the textbook?
a. It is not clear that there would be any damage to the environment. b. Management would take the primary blame for the cheating. c. The social consensus will be that the cheating was not that bad. d. The harm done will be diffuse and widely dispersed.
Current financial accounting standards require
a. the use of the fair value method, but not the intrinsic value method. b. the use of the fair value method and the intrinsic value method to account for each plan. c. disclosure in the notes to the financial statements of compensation expense under the fair value method if the intrinsic value method is used. d. disclosure in the notes to the financial statements of compensation expense under the intrinsic value method if the fair value method is used.
Several examples of good, credible sources are: Wikipedia, the Encyclopedia, Newsweek Magazine, People Magazine, and Time Magazine
Indicate whether the statement is true or false
Which of the following has the highest share of the e-book market?
A. Amazon B. Apple C. Google D. Barnes & Noble