Which of the following statements is true of financial and managerial accounting?
A) Both use historical costs as their primary unit of measurement.
B) Both depend on the double-entry system of accounting.
C) Both require adherence to generally accepted accounting principles.
D) Both assist managers in decision making.
D
You might also like to view...
The method of interviewing that is one of the most popular for collecting survey data is the ________
A) telephone interview B) mail interview C) observational interview D) mall intercept interview E) in-home personal interview
The dimension of the Big Five called ____________ refers to originality, creativity, and the willingness to try new experiences.
a. Artistic temperament b. Openness c. Intelligence d. Extroversion
Given the information in the text, why is public policy towards whistleblowing an inconsistent issue?
Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen. The lease requires Abby to pay Carmen a base rental of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years. Abby hires Devin to take and fill customers' orders at an hourly wage of $15.00, plus tips. ?Abby and Devin are A) not
partners, because Devin does not have an ownership interest or management rights in Bowls Bistro. B) not partners, because the pay includes an hourly wage. C) not partners, because the pay includes only 10 percent of the profits. D) partners in a partnership.