Industry profits usually decline steadily during the market maturity stage of the product life cycle.
Answer the following statement true (T) or false (F)
True
During the market maturity stage, sales level off and profits continue to go down.
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Plant assets are depreciated because
a. the accrual basis of accounting requires matching of costs to revenues. b. some plant assets last longer than others. c. useful lives cannot be reasonably estimated. d. the replacement cost of plant assets may fluctuate over time.
Which of the following is NOT an analytical fraud symptom?
a. Consistent cash shortages b. Overriding of existing controls c. Excess purchases d. Unreasonably high expenses
When a company can prove it is worth more than its balance sheet indicates, it may record some goodwill
Indicate whether the statement is true or false
Precedents are the ________ on which legal decision making depends
A) analogies B) obstacles C) legislation D) prohibitions