Identify four sources of rating errors.
What will be an ideal response?
1. cognitive limitations
2. intentional manipulation
3. organizational influences
4. human nature
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A(n) _______________ is a form sent by the seller to the buyer as evidence of a sale
Fill in the blank(s) with correct word
The company maintains its records of inventory on a perpetual basis using the first-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory on December 31, 2018 using the lower-of-cost-or-market rule.
Everyday Wear Retail had the following balances and transactions during 2018:
A) $1,980
B) $1,650
C) $1,775
D) $1,065
The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery originally cost $9,000 and had accumulated depreciation of $5,000. In recording this transaction, Bacon Company should record
A) the new machinery at $16,700 B) the new machinery at $12,700 C) a gain of $1,500 D) a loss of $1,500
What is a feature of short-term assignments?
a) A term of 3 months to a year b) Relocation of family c) Compensation handled in the host country d) All of the above.