Generally accepted accounting principles

A) are changing continually.
B) are sound in theory but rarely used in practice.
C) have eliminated all weaknesses in accounting practice.
D) are accounting rules formulated by the Internal Revenue Service.


A

Business

You might also like to view...

According to the Myers–Briggs type indicator (MBTI), which of the following personality characteristics is related to using logic or emotion?

A. introversion/extraversion B. sensing/intuition C. thinking/feeling D. judging/perceiving

Business

Give an example of a service that offers access to physical environments as a form of rental

What will be an ideal response?

Business

The standard that companies set after considering the factors such as lost time and normal waste and spoilage are:

a. Attainable standards. b. Ideal standards. c. Limited standards. d. Theoretical standards.

Business

Government response to the threat of terrorism has resulted in erosion of privacy for Americans

Indicate whether the statement is true or false

Business