Under the modified accrual basis of accounting, expenditures generally are not recognized until:
A. Goods or services are ordered.
B. They are paid in cash.
C. They are approved by the legislative body.
D. An obligation is incurred that will be paid from currently available financial resources.
Answer: D
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The sales forecasting method of ________ builds sets of equations that describe a system and statistically derives the different parameters that make up the equations statistically
A) time-series analysis B) statistical demand analysis C) econometric analysis D) cost effectiveness analysis E) exponential smoothing
Which of the following is the most difficult to assign to specific time periods?
a. The incurrence of wages expense b. The accrual of interest c. The use of equipment d. The expiration of insurance
Forms of bibliographic entries vary greatly depending upon the _______________
a. profession's needs and traditions b. year the bibliography was written c. length of the document d. length of the bibliography
Inventory cycle time is the frequency of inventory replacement.
Answer the following statement true (T) or false (F)