Drew Mellow, owner of Mellow's Melodies, also owns a personal residence that costs $400,000 . The market value of his residence is $600,000 . During preparation of the financial statements for Mellow's Melodies, the accounting concept most relevant to the presentation of Drew's home is:
a. monetary unit.
b. a going concern entity.
c. the economic entity concept.
d. the time period assumption.
c
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Answer the following statements true (T) or false (F)
1.Altman and Taylor’s model of social penetration shows four squares within a larger square to illustrate the concepts. 2.The social penetration model enables us to understand why some of our relationships seem stronger than others. 3.Anita’s relationship with Zach will likely remain casual because their communication with someone lacks breadth or depth. 4.Every Saturday night, Brandy and Paul go to a movie. Next Saturday, Brandy wants to do something different and go to the county fair that will be in town. Paul still wants to maintain the routine of going to see a movie. The dialectical tension in this case is stability–change. 5.Kat and Jim have very different needs when it comes to a person’s desire to be constantly with one another and the need for some alone time. The dialectical tension between Kat and Jim is expression–privacy.
The SCOR model ______.
A. has 42 key indicators B. uses metrics organized in a hierarchical structure C. was developed during World War II D. was originally used by Henry Ford
All of the following are true statements about retirement EXCEPT
A) employers face future labor shortages because older workers outnumber younger workers B) most employees who plan to work after 65 must do so for financial reasons C) most employees expect to continue working after normal retirement age D) most employees who plan to work after 65 want a part-time position E) many retirement age workers want to stay active through working
Smaller nations would like patent protection
A. extended, so that their profits can increase. B. extended, to allow for them to build their competitive advantage. C. extended, so that they can recoup development costs. D. reduced, so that they can enter the game earlier, possibly with generics.