The writing requirement under the Statute of Frauds means that an agreement must be a formal written contract

Indicate whether the statement is true or false


F

Business

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In accounting for inventory, the assumed cost flow need not match the physical goods flow

Indicate whether the statement is true or false

Business

Which one of the following is the authoritative body having the primary responsibility for developing accounting principles?

A) FASB B) IRS C) SEC D) AICPA

Business

Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footnotes) to report all relevant information?

A. Full disclosure. B. Expense recognition (matching). C. Evaluation. D. Relevance. E. Materiality.

Business

Regarding workplace privacy, which of the following statements is NOT true?

a. under the 4th Amendment to the U.S. Constitution, federal government employees enjoy protection from unreasonable searches and seizures while at work b. under the 4th Amendment to the U.S. Constitution, private employees enjoy protection from unreasonable searches and seizures while at work if their employers are federal contractors c. searches of a private employee's work area must be reasonable in scope d. to assert privacy rights, employees must be able to demonstrate a reasonable expectation of privacy

Business