An accountant describes the effects of an economic event on an entity by recording the transaction and reporting the amount on the financial statements. What is this called?
a. Measurement
b. Recognition
c. Disclosure
d. Matching
b
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Which of the following ordinarily would be treated as a revenue expenditure rather than a capital expenditure?
a. Repair and maintenance on buildings b. The replacement of a major component of a building c. An addition to an existing building d. Rearrangement costs that are identifiable, material, and are expected to provide discernable future benefits
International firms have found it necessary to institute formal global planning
A. to provide top management with a means to identify threats and opportunities worldwide. B. to eliminate the practice of informal planning. C. to promote different courses of action among the firm's managers worldwide. D. to serve as an input for scenario building.
A ________ shopping center is an upscale retail operation that also offers fine dining and entertainment options and is often located within affluent neighborhoods.
A. luxury B. premium C. high-end D. exclusive E. lifestyle
__________ theory focuses on individuals' perceptions of how fairly they are treated compared with others.
A. Expectancy B. Reinforcement C. Hierarchy of needs D. Equity E. ERG