If a company adopts a new accounting principle, it must justify the change on the grounds that the new principle
A) increases the relevance of the financial statements.
B) increases the reliability of the financial statements.
C) is preferable to the old principle.
D) increases the transparency of the financial statements.
C
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For cost control purposes, actual costs should be compared to
a. the original budget. b. actual costs for the prior period. c. a flexible budget. d. a static budget.
One of the most striking recent example of Internet activism stemmed from ________
A) consumers who traveled via Alaska Airlines B) political activists throughout the Middle East who brought down dictators C) Ralph Nader's Unsafe at Any Speed D) Chinese anger about Coca-Cola translating to "bite the wax tadpole"
Karolyn sells bathroom fixtures. She believes that if she can get a customer she is calling on to go out to lunch with her, she will close the sale. What do you think about Karolyn's assumption?
What will be an ideal response?
Pointing an unloaded gun at someone who believes it is loaded and threatening to shoot constitutes an assault
a. True b. False Indicate whether the statement is true or false