The unit of measure concept:
A) is only used in the financial statements of manufacturing companies.
B) is not important when applying the cost concept.
C) requires that different units be used for assets and liabilities.
D) requires that economic data be reported in yen in Japan or dollars in the U.S.
D
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Under the perpetual inventory system, each time goods are purchased, the inventory account is transferred to sales revenue
a. True b. False Indicate whether the statement is true or false
The assertiveness dimension of culture in the GLOBE studies is described as ______.
A. the degree to which people assert their influence when planning for the future B. the degree to which people in the culture are determined and confrontational C. the degree to which a society provides rewards for excellence D. the degree to which a society relies on established procedures to avoid failure
Jessica was a former employee of Mark. When potential employers called Mark for a reference about Jessica, he stated she was not a very good worker and had been fired for excessive absences. He said he had reason to believe Jessica was on drugs, but he wasn't absolutely certain. Jessica learned what Mark was saying and sued him. In most states
a. under the qualified privilege rule, it was legal for Mark to say what he said if it was true and Mark was not motivated by ill will. b. it was legal for Mark to say what he said, since courts have consistently ruled that former employers are immune from lawsuits for giving references. c. it was not proper for Mark to say what he said, since courts have consistently ruled that former employers should not give references over the telephone or in writing without the former employee's written authorization. d. though it was proper for Mark to talk about Jessica's work-related history, he should have refrained from talking about her potential drug use.
The primary goal of a publicly-owned firm interested in serving its stockholders should be to _____.
A. minimize the debt used by a firm B. maximize expected earnings per share (EPS) C. minimize the chances of losses D. maximize the stock price per share E. maximize expected net income