One way to classify a negotiable instrument is either a demand instrument or a time instrument
Indicate whether the statement is true or false
T
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When would LIFO liquidation occur?
a. As a result of selling more units than are purchased during the period. b. As a result of selling less units than are purchased during the period. c. As a result of selling the same number of units that are purchased during the period. d. Not enough information.
Recently, companies have been ordered by governmental agencies to clean up environmental damages caused by business operations. How should costs incurred in these situations be treated?
a. If a legal obligation exists, the cost of restoring the property must be added to the asset account. b. As an expense entirely in one accounting period. c. As an amortized expense in the period the cost is incurred. d. Added to the asset, and then depreciated over 15 years.
The three-step writing process is most effective in what type of business writing?
A) Emails B) Short memos C) Long reports D) External communications E) All written communications
who conducted two major surveys of research on the trait approach?
A. Stogdill B. Judge et al. C. Jung and Sosik D. Zaccaro