________ is a lack of concern for others, impulsive behavior, and a lack of remorse or guilt when one's actions harm others.
A. Machiavellianism
B. Psychopathy
C. Laissez-faire syndrome
D. Ethnocentrism
E. Narcissism
Answer: B
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Custodial funds should utilize the modified accrual basis of accounting.
Answer the following statement true (T) or false (F)
All negotiations have a value-________ stage, where parties decide who gets how much of what, but many negotiations also have a value-________ stage, where parties work together to expand the resources under negotiation.
Fill in the blank(s) with the appropriate word(s).
Depreciation and amortization is a measure of the decline in economic value of a long-lived asset
Indicate whether the statement is true or false
Contessa Company collected $42,000 cash on its accounts receivable. The effects of this transaction as reflected in the accounting equation are:
A. Total assets increase and equity decreases. B. Both total assets and equity are unchanged and liabilities increase. C. Total assets, total liabilities, and total equity are unchanged. D. Total assets decrease and equity increases. E. Both total assets and total liabilities decrease.