Ethical principles commonly applied to the collection and use of personal information include
A) choice or consent.
B) access or participation.
C) integrity or security.
D) all of the above.
D
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When the effective interest method is used, the amortization of the bond premium
a. increases interest expense each period b. decreases interest expense each period c. increases interest expense in some periods and decreases interest expense in other periods d. has no effect on the interest expense in any period
An example of classification merchandising for a hardware retailer is recording sales by _____
a. season b. time of day c. hammers, less than $5; hammers $5-$10 d. hardware – do-it-yourself; hardware – commercial
Airlines enjoy a state action exemption from antitrust laws
Indicate whether the statement is true or false
The ending merchandise inventory for the current year is overstated by $28,000. What effect will this error have on the following year's net income?
A) The net income will be overstated by $56,000. B) The net income will be overstated by $28,000. C) The net income will be understated by $28,000. D) The net income will be understated by $56,000.