The cost principle is a solution to the recognition issue
Indicate whether the statement is true or false
F
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Which of the following events would be least likely to be modeled in a REA diagram?
a. customer inquires b. posting accounts payable c. receiving cash d. sales to a customer
Workplace governance under the mainstream economics model should include:
A. Government intervention that establishes laws regarding good workplace practices. B. Government intervention in the form of laws and rules that protect the rights of individuals to enter contracts. C. Government intervention in the form of laws and rules that protect worker rights to bargain collectively and establish labor standards. D. No government involvement.
Chow Company earned $5100 of cash revenue, paid $2800 for cash expenses, and paid a $1100 cash dividend to its owners. Which of the following statements is true?
A. The net cash outflow for investing activities was $1100. B. The net cash inflow from operating activities was $1200. C. The net cash outflow for investing activities was $2300. D. The net cash inflow from operating activities was $2300.
Which of the following fields of business analytics aims to summarize a sample instead of using data to learn about the population that the sample of data is thought to represent?
a. Databases and data warehouses b. Descriptive analytics c. Predictive analytics d. Prescriptive analytics