Recording the purchase price of a paper shredder (with an estimated useful life of 1 . years) as an expense of the current period is justified by the
a. going-concern assumption.
b. materiality constraint.
c. matching principle.
d. comparability principle.
B
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A year after she assisted Thomas Engineering in making changes to an employee incentive plan, Kara, an OD consultant, is visiting the company to determine if the changes were helpful. Kara will compare sales and turnover data from the last three years to the current year. Kara is in the ______ stage of the OD process.
A. refreezing B. intervention C. diagnosis D. evaluation E. adaptation
In a short essay, list and describe the four forms of general business sources that are categorized as external secondary data
What will be an ideal response?
Six years ago, HOPCO granted Mrs. Sing an incentive stock option (ISO) to purchase 1,000 shares of HOPCO stock for $55 per share. On date of grant, the market price was $50 per share. This year, Mrs. Sing exercised the ISO when the market price was $64 per share. How much ordinary income does she recognize because of the exercise?
A. $5,000 B. $9,000 C. $14,000 D. $0
Competition refers to
A. any product or service that vies for a portion of a customer's discretionary income. B. identical products that perform identical functions. C. alternative firms that could provide a product to satisfy a specific market's needs. D. any for profit organization that targets the customers of other organizations. E. the set of firms that operate in a given geographic region, regardless of product or service.