A contract or lease that has not been fully performed is termed as an ________ contract.
A. executory
B. executive
C. executed
D. executrix
Answer: A
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Which of the following is often not a component of other post retirement benefit (OPEB) expense?
A. Prior service cost amortization. B. Actual return on plan assets. C. Service cost. D. Interest cost.
GAAP require that research and development costs to develop a new product be
a. capitalized in the patents account. b. expensed in the period incurred. c. capitalized in the research and development costs account. d. amortized over the expected economic life of the new product.
In which one of the following cases would an auditor most likely issue a qualified opinion?
a. There is a highly material, and very pervasive departure from SFAS No. 141 and No. 142. b. There is a change in accounting principles promulgated by the FASB. c. There is an immaterial dollar misstatement on the financial statements. d. There is one material departure from GAAP that is affects only two accounts.
When employees are not delivering customer service at the level specified by their employer, there is a gap between ________
A) consumer expectations and management perceptions B) management perceptions and quality standards set by the firm C) established quality standards and service delivery D) expected services and needed services E) service quality standards and consumer expectations