GAAP requires companies to ________ method to record bad debts expense.

A) use the direct write-off
B) use the allowance
C) select either the direct write-off or allowance
D) use the fair value


B) use the allowance

Business

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An instrument is not considered canceled if it is destroyed or mutilated by accident or by an unauthorized third party

Indicate whether the statement is true or false

Business

Which of the following is otherwise known as indoor air pollution?

A) anosmia B) somatization disorder C) culture bound syndrome D) sick building syndrome

Business

According to McClelland's theory, Maria has a need for

Scenario: Diana, a team lead, realizes that her team is composed of people with varying interests. Jin has a strong desire to influence others and encourage them to improve and enhance organizational goals. Merle wishes to be liked by others in the organization. Maria has the tendency to control others and often tries to manipulate and exploit them. Sam is obsessed with accomplishing his goals and strives to succeed. Diana often motivates her team members by giving a raise when they perform well. However, when they perform poorly, Diana assigns them undesirable tasks. A) existence. B) affiliation. C) socialized power. D) personalized power. E) positive reinforcement.

Business

________ means trying to increase sales of a firm's present products in its present markets.

A. Market development B. Market penetration C. Differentiation D. Product development E. Diversification

Business