A liability is recognized when
a. the exact due date is known.
b. it is paid for.
c. an obligation has arisen.
d. the exact amount of the liability is known.
C
You might also like to view...
Which of the following is a benefit associated with budgeting?
A. Enhances performance measurement B. The ability to take corrective action to improve performance C. Promotes planning and coordination D. All of the answers are correct
Current implementation of the Human Relations model is represented by?
A) ?A company using quality control circles to solve work problems.
B) ?A company using time-motion studies to determine minimum task performance.
C) ?A company with its own employee exercise and recreation facilities.
D) ?A company that adapts its procedures to the culture and values of its employees.
DivetheBlue, a company marketing deep-sea diving equipment, charges very high prices for its products
Despite the availability of many low-priced products in the market, customers seem to prefer DivetheBlue, which has earned a reputation for selling high-quality products. This exemplifies ________. A) a pure monopoly B) an oligopoly C) a nonprice position D) break-even pricing E) target costing
In applying the 7 tests of just cause, a manager should ensure that any disciplinary investigation is fair and _____________________.
Fill in the blank(s) with the appropriate word(s).