The Superior Company acquired a building for $500,000. The building was appraised at a value of $575,000. The seller had paid $300,000 for the building 6 years ago. Which accounting principle would require Superior to record the building on its records at $500,000?
A) Monetary unit assumption.
B) Going-concern assumption.
C) Measurement (Cost) principle.
D) Business entity assumption.
E) Revenue recognition principle.
C) Measurement (Cost) principle.
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When closing a direct request, you should be sure to
A) include an apology for taking up the reader's time. B) include a mention of your own qualifications or status. C) include the time limits involved in your request. D) include an indication of the consequences of a failure to reply. E) downplay the significance of what you are asking.
Multiprint, a printer manufacturing firm, sells ink cartridges for each of its specific models. Only Multiprint cartridges are compatible with Multiprint printers, and no two models share the same specifications
What type of pricing does Multiprint use? A) product line pricing B) captive product pricing C) optional product pricing D) by-product pricing E) product bundle pricing
Nate works as a sales representative. His employment contract specifies that he cannot work for a competitor for a period of two years from employment. This is an example of
a. vagueness. b. extortion. c. ambiguity. d. duress.
Which of the following is FALSE with regard to a process?
a. Selecting a process can be expensive. b. Implementing a process requires substantial capital investment. c. The right process can contribute to increased cost of production. d. The right process can contribute to better responsiveness to customers.