If a business records revenue when cash is received, records the purchase of a building as an asset, and makes adjustments to allocate the cost of the building over many accounting periods, the business's accounting system is a(n)
a. accrual basis of accounting; b. adjustment basis of accounting; c. cash basis of accounting; d. modified cash basis of accounting; e. commercial basis of accounting
D
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A strand of DNA has the following base sequence: ATTGCGAATGGCA. Construct the complementary strand of DNA.
What will be an ideal response?
All of the following are features of a standard cost system except:
a. Standards should not be adjusted. b. Standards provide incentives for workers to keep costs in line. c. Comparisons between actual and standard are more effective than comparisons between actual costs of the current period and those of the prior period. d. A standard cost system focuses management attention on materials prices and usages.
Answer the following statements true (T) or false (F)
SFAS 133 values derivatives at fair value.
A cash payment to purchase treasury stock is reported on the statement of cash flows as a financing activity.
Answer the following statement true (T) or false (F)