It is important to remember that the fundamental ________ of accounting is the debit and credit recording activity where debits always equal credits
A) effect
B) end product
C) outcome
D) identity
Answer: D
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People from North America and Europe tend to ________ eye contact when speaking with others, whereas people from Asia ________ eye contact.
A) Encourage; discourage B) Maintain; avoid C) Encourage; discourage D) Avoid; maintain
Geoff's fiancée, Susan, comes to meet his parents for the weekend. On Saturday morning, while using Geoff's mother's hair dryer, the blower short-circuits sending sparks across the guest room. Susan's angora sweater and her hands are covered with tiny burns. Susan's mother is a lawyer and wants her to sue the seller of the dryer for breach of warranty. Can she?
A) No, because horizontal privity would extend only to members of the family. B) No, because privity would require that Geoff's mother sue. C) Yes, since she is a guest in the home of the buyer, the warranties would extend to her in most states. D) Yes, since under the Code all reasonable users are protected from injury.
In a generic box plot, the vertical line inside the box indicates the location of the:
a. mean b. median c. mode d. minimum value e. maximum value
Two events are said to be independent when knowledge of one event is of no value when assessing the probability of the other
a. True b. False Indicate whether the statement is true or false