The income statement reporting for other postretirement benefits (OPEB) is based on the:
A. accrual basis of accounting.
B. cash or accrual basis of accounting.
C. cash basis of accounting.
D. regulations established by the tax code.
Answer: A
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The cash basis method of accounting can be best described as:
a. The recording of transactions and adjustments so that debits equal credits. b. The method that equates assets with liabilities and owners' equity. c. The method that recognizes revenue when money is received and expenses when money is paid. d. The method that matches incurred expenses with related revenues when they are earned.
According to Clark (2003), in the period, _______, the conception of innovation became integrated within the technology, organizational processes, and national, cultural, and social systems.
a. World War II to 1980s b. 1980s to 1990s c. 1990s to now d. None of the above, it’s always been like this
The organization of business messages should be organized based on
a. a prediction of the receiver's reaction to the main idea. b. the deductive sequence. c. the inductive sequence. d. a reflection of the writer's mood and personality.
MRO (maintenance, repair, operations) items are examples of ______.
a. noncritical purchases b. strategic purchases c. bottleneck purchases d. leveraged purchases