Making notes in the financial statements to explain the justification of valuation changes and other financial decisions would be an example of:
A) conservatism.
B) consistency.
C) materiality.
D) full disclosure.
D) full disclosure.
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One common problem with the current ratio is that it is susceptible to "window dressing." If prior to the end of the accounting period Saxon Company has a current ratio of 1.5 and management wishes to boost its current ratio it may decide to
a. pay off accounts payable prior to year end. b. purchase more inventory on account. c. purchase short-term investments with cash. d. purchase more inventory with cash.
The campaign Al Gore ran against George W. Bush established him as the first "digital presidential candidate."
Indicate whether the statement is true or false
Ethical reasoning is the process through which an individual links his or her moral convictions or ethical standards to the particular situation at hand.?
Indicate whether the statement is true or false
A random sample of 49 lunch customers was taken at a restaurant. The average amount of time the customers in the sample stayed in the restaurant was 45 minutes with a standard deviation of 14 minutes
a. Compute the standard error of the mean. b. With a .95 probability, what statement can be made about the size of the margin of error? c. Construct a 95% confidence interval for the true average amount of time customers spent in the restaurant. d. With a .95 probability, how large of a sample would have to be taken to provide a margin of error of 2.5 minutes or less?