Which of the following is NOT a core principle of the Fair Information Practices (FIPS)?
a. Notice/Awareness
b. Choice/Consent
c. Privacy/Refusal
d. Access/Participation
c
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Some improvements extend the useful life of an asset but do not increase its usefulness or efficiency
a. True b. False Indicate whether the statement is true or false
The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The effects of the entry to record the declaration of the dividend on June 14, 20x5, are to
A) decrease stockholders' equity and increase liabilities. B) increase stockholders' equity and increase liabilities. C) decrease stockholders' equity and decrease assets. D) increase stockholders' equity and decrease assets.
The direct write-off method is not normally an acceptable method for GAAP because it fails to report:
A. Accounts receivable for the net amount of cash expected to be collected. B. Revenue from the sale of goods or services to customers. C. The amounts receivable from customers. D. Cash collected from customers.
The practice of recreational traveling in a way that maximizes the social and economic benefits to the local community and minimizes the negative impact on cultural heritage and the environment is referred to as
A. positive tourism. B. sustainable tourism. C. green tourism. D. environmental tourism. E. eco-tourism.