What accounting concept requires a company to accrue interest expense on a note payable?
What will be an ideal response?
Accrual accountingÂ
Accrual accounting requires that companies recognize expenses in the period in which they are incurred regardless of when cash is paid
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A master budget is a compilation of forecasts for the coming year or operating cycle made by various departments or functions within an organization. What is the most basic forecast made in a master budget?
a. Sales forecast b. Production forecast c. Labor forecast d. Materials forecast
Which layer of the strategic communication model is relevant to negotiation?
A. the first layer B. the second layer C. the third layer D. all of these are correct
A subsidiary corporation is a separate legal entity
Indicate whether the statement is true or false
Which of the following is a log of all database maintenance, with dates, license keys, issues or updates, involved personnel, and resolutions?
A. system journal B. run-book C. system catalog D. DBMS log