If an agent commits a crime, the agent's liability will depend on the nature of the agency relationship
Indicate whether the statement is true or false
False
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For a given contingent liability, the company has the choice of either recording it on the balance sheet or disclosing it in the notes
a. True b. False Indicate whether the statement is true or false
E-procurement has caused the time between order and delivery to increase significantly
Indicate whether the statement is true or false
Which of the following is not considered one of the three broad categories of accounting changes?
a. Change in Accounting Principle b. Change in Accounting Estimate c. Change in Reporting Entity d. Change in Accounting Application
A major shortcoming with the _____ method of determining promotional expenditures is a tendency to spend more on promotion when sales are increasing and less when they are declining.
A. percentage of sales B. "what it will take to do the job" C. sales plus D. "all you can afford"