Even if the end of an accounting period occurs between the signing of a note payable and its maturity date, the expense recognition principle requires that interest expense not be accrued on a note payable until the note is paid.
Answer the following statement true (T) or false (F)
False
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Statistical techniques that may be used on interval scale data include all of those that can be applied to nominal, ordinal, and ratio data
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
Benefits in a defined benefit plan may be based on either career average or final average salary.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised contribution margin ratio would be:
A. 70%. B. 10%. C. 30%. D. 60%. E. 40%.
Edwin, a manager at TouchGen Inc, wants to inform his employees about the company's vacation policy according to which each employee is entitled to twelve paid vacation days every year. In this scenario, which of the following approaches should Edwin use to deliver the good news??
A) ?A direct approach B) ?A passive approach C) ?An inductive approach D) ?An interrogative approach