In 1789:
a. 9 of the 13 original states ratified the U.S. Constitution b. all of the 13 original states ratified the U.S. Constitution
c. none of the 13 original states ratified the U.S. Constitution d. George Washington wrote the U.S. Constitution
e. none of the other choices are correct
a
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Which one of the following statements is not true with regard to the gross profit method of estimating inventories?
A) The gross profit method may be used to determine inventory for interim financial reporting purposes without taking a physical count. B) The percentage used for the gross profit method is determined by using previous years' historical data. C) The gross profit method is not as accurate as the retail inventory method. D) The gross profit method may only be used with a perpetual inventory accounting system.
Lease agreements are
A) estimates. B) commitments. C) liabilities. D) contingencies.
Many firms provide similar types of airline services with similar types of assets. They each received unqualified opinions from their independent auditors. Yet, Flash Airlines appears to apply its accounting principles more aggressively in income-enhancing ways relative to its competitors. The choices for Flash Airlines in applying generally accepted accounting principles under the accrual basis
of accounting include(s): a. depreciable lives for buildings and equipment. b. estimated uncollectibles for accounts receivable. c. estimated warranty costs. d. all of the above. e. none of the above.
Domain selection, diversification, mergers or acquisitions, and divestitures are all examples of
A. independent strategies. B. cooperative strategies. C. competitive pacification. D. voluntary action. E. strategic maneuvering.