Sawyer Corporation purchased land in 2009 for $490,000 . In 2015, it purchased a nearly identical parcel of land for $660,000 . In its 2015 balance sheet, Sawyer valued these two parcels of land at a combined value of $1,320,000 . By reporting the land in this manner, Sawyer Corporation has violated which of the following?
a. Going concern assumption
b. Cost principle
c. Monetary unit measure
d. Time Period assumption
b
Business
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In 2016, ________ voted to leave the EU.
A. the United Kingdom B. Luxembourg C. Turkey D. Switzerland
Business
Which document triggers the revenue cycle?
a. the sales order b. the customer purchase order c. the sales invoice d. the journal voucher
Business
A just-in-time operation would attempt to eliminate inspection time
Indicate whether the statement is true or false
Business
A strength of the path–goal theory is ______.
A. it is very complex and has many aspects to it B. empirical research partially supports its validity C. it attempts to integrate motivation from expectancy theory D. it clearly explains the relationship between motivation and leader behaviors
Business