Which of the following accounting elements does the matching principle help to? match?
A) revenues and liabilities
B) expenses and assets
C) expenses and revenues
D) expenses and liabilities
Answer: C) expenses and revenues
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The first step of a market research program is to establish the problem to be addressed
Indicate whether the statement is true or false
The strength of integrated social contracts theory is that it
A. recognizes the importance of allowing local ethical norms to always take precedence over universal ethical norms. B. accommodates the best parts of ethical universalism and ethical relativism. C. puts no absolute limits on what actions and behaviors fall inside the boundaries of what is ethically or morally right and which actions/behaviors fall outside. D. recognizes that individuals and businesses have a basic right to "moral free space" and that it is inappropriate to specify ethically permissible and ethically impermissible actions and behaviors. E. correctly recognizes that all soundly reasoned ethical standards are universal.
Which of the following types of college/university would have these components of the Financial Report?•Statement of Financial Position.•Statement of Activities.•Statement of Cash Flows.•Notes to the Financial Statements.
A. Private Not-for-Profit. B. Public University. C. Investor Owned. D. None of the above.
In series systems failure of an individual component is less critical than in parallel systems
a. True b. False Indicate whether the statement is true or false