In the case of positive bias, people tend to ________.
Fill in the blank(s) with the appropriate word(s).
Answer: overforecast
Business
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Gains and losses on the redemption of bonds are reported as other income or other expense on the incomestatement
a. True b. False Indicate whether the statement is true or false
Business
Both wholesalers and retailers are types of merchandising companies
Indicate whether the statement is true or false
Business
_____ are inventories displayed for sale to customers
a. Back stock b. Floor stock c. Intangible assets d. Tangible assets
Business
For purposes of the penalty tax on accumulated earnings under ยง 531, reasonable needs of the business does not include:
a. Product liability losses. b. Self-insurance. c. Loans to suppliers and customers. d. Loans to employees. e. Plant expansion.
Business