Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?

A) the matching principle
B) the disclosure principle
C) the revenue principle
D) the consistency principle


A

Business

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Explain why nonverbal behavior seems to carry more “value” in a message than verbal communication.

What will be an ideal response?

Business

A challenging negotiation situation occurs when the other party appears to be completely irrational. They may be acting irrationally as a hard bargaining tactic, but there are other reasons they may appear irrational. What are the three other suggested reasons a negotiator may appear irrational?

What will be an ideal response?

Business

Journal entries that are necessitated by reconciling items on the book side of the reconciliation include either a debit to Cash or a credit to Cash

Indicate whether the statement is true or false

Business

The ________ was formed by twelve original members with the primary motivation of reasserting the region's economic position against the United States and Japan.

A. African Union B. European Union C. Central America Free Trade Agreement D. Association of South-East Asian Nations

Business