The feature of accounting in which means that there are at least two accounts affected in every transaction so that the accounting equation stays in balance is called:
A) the matching feature.
B) the classifying feature.
C) the dual nature of accounting.
D) the full disclosure principle.
C
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The cash flow on total assets ratio is not affected by accounting recognition and measurement.
Answer the following statement true (T) or false (F)
Which of the following financing activities results in a cash inflow?
A) Buying treasury stock B) Issuing bonds C) Repaying a bank loan D) Paying cash dividends
In experimentation, an entrepreneur’s goal should be to do which of the following?
a. Use continual iteration to test and shape ideas. b. Create perfect experiments for perfect outcomes. c. Use scientific rigor in the testing of his or her products. d. Use the scientific method sparingly so as to save resources.
An opportunity cost is the potential benefit lost by taking a specific action when two or more alternative choices are available.
Answer the following statement true (T) or false (F)