Executive orders:
a. require businesses to pay taxes
b. require government officials to resign
c. require private citizens to do certain things d. require agencies to do certain things
e. none of the other choices
d
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The Superior Company acquired a building for $500,000. The building was appraised at a value of $575,000. The seller had paid $300,000 for the building 6 years ago. Which accounting principle would require Superior to record the building on its records at $500,000?
A. Monetary unit assumption. B. Revenue recognition principle. C. Measurement (Cost) principle. D. Business entity assumption. E. Going-concern assumption.
A July sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. Management forecasts 2% growth in sales each month. Total August sales are anticipated to be:
A. $60,000. B. $63,000. C. $67,500. D. $64,260. E. $61,250.
Melissa cannot transfer control of the goods held by a bailee by transferring a document of title
a. True b. False Indicate whether the statement is true or false
A student who has skipped many classes and not studied the course material was surprised to learn there was a test when he showed-up for class. The student's mental uncertainty about whether or not he will pass the test is called
A) objective risk. B) objective probability. C) subjective probability. D) subjective risk.