Since land does not wear out, no depreciation is recorded
Indicate whether the statement is true or false
T
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The par value of stock is an assigned per share amount defined in many states as legal capital
a. True b. False Indicate whether the statement is true or false
Using an allowance method of accounting to recognize uncollectible accounts receivable is an application of which accounting convention?
A) revenue recognition B) historical cost C) matching principle D) period of time
Which of the following items is a measure of a company's ability to collect receivables?
A) inventory turnover ratio B) current ratio C) days' sales in receivables D) account receivable balance
______ is the act of creating useful processes or products based on creative thought processes.
A. Innovation B. Creativity C. Diversity D. Affirmative action