According to Ken Blanchard and Spencer Johnson, which of the following is most likely a characteristic of one-minute reprimand?
A. It should be tied to promotion.
B. It should encourage an individual.
C. It should focus on the character of a person.
D. It should be gradual and indirect.
Answer: B
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A firm is required to estimate a liability for repairs for products sold with a warranty. If the firm's accountants later find that the estimated amount for repairs has been overstated, the correct accounting procedure is to
a. make an adjusting entry to reduce the amount of estimate. b. make a correcting entry because the overstatement is an error. c. show the amount of overstatement on the income statement as a loss. d. do nothing for the year in question and modify the next year's estimate.
Cash equivalents:
A. Are recorded in petty cash. B. Are short-term, highly liquid investment assets. C. Include 6-month certificates of deposit. D. Include checking accounts. E. Include money orders.
Which of the following is NOT a public relations activity?
A) speech writing B) advice and counsel to management C) creative strategy D) sponsorships E) investor relations
The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future
Indicate whether the statement is true or false