More than one million people file for bankruptcy each year
a. True
b. False
Indicate whether the statement is true or false
True
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The LIFO conformity rule allows a company to use FIFO for financial reporting and LIFO for income taxes
Indicate whether the statement is true or false
Which of the following statements is correct concerning the writing of proposals?
a. Proposals are always directed to an external audience. b. Proposals are only written in response to solicitations or request for proposals. c. A simple price quotation may constitute a proposal. d. All of the above are incorrect.
Social responsibility is the idea that organizations are only accountable to stockholders.
Answer the following statement true (T) or false (F)
A not-for-profit organization received a donation temporarily restricted as to use. The donated amount was later spent in accordance with the restriction. In which category or categories of net assets should the related revenues and expenses be recognized? Without Donor RestrictionsWith Donor RestrictionsA.----Revenues and ExpensesB.RevenuesExpensesC.ExpensesRevenuesD.Revenues and Expenses----
A. Option A B. Option B C. Option C D. Option D