When purchases are recorded at net amounts, any discounts lost as a result of late payments are reported as an expense.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is NOT a reason interpersonal communication is important?
a. Your ability to relate with other people is central to achieving professional excellence. b. Interpersonal communication helps you form professional connections with other coworkers, leaders, and clients. c. Your interpersonal relationships at work provide a supportive social system that will increase your job satisfaction. d. Your interpersonal communication will allow you to manipulate your interactions to your advantage.
Which department is responsible for approving changes in pay rates for employees?
a. payroll b. treasurer c. personnel d. cash disbursements
Noncompete covenants should be amortized over the specified life of the contract
Indicate whether the statement is true or false
During the 1990s the United Kingdom proceed that implementing diversity management would be premature. What did they feel was a necessary prerequisite?
a. A system to create more job opportunities b. Writing of past wrongs c. Developing a better business case to do diversity d. Anti-racism and equality training