What is the purpose of the accrual basis of accounting?
A. Recognizing revenue when it is earned and expenses when they are incurred, regardless of when cash changes hands.
B. Recognize expenses when cash disbursements are made.
C. Match assets with liabilities during the proper accounting period.
D. Recognize revenue when it is collected from customers.
Answer: A
You might also like to view...
______ is a step in the strategic planning process.
a. Analyzing the environment b. Assessing the code of ethics c. Assessing the competition d. Creating conclusions concerning the competitive position
Which of the following countries is NOT a member of MERCOSUR?
A) Brazil B) Paraguay C) Bolivia D) Uruguay E) Venezuela
In what way does MPR enhance personal selling?
A) MPR increases the emphasis on targeted advertising in the mass media. B) MPR bridges the gap between the seller and the buyer's need for a good or service. C) Corporate sales forces are now composed mainly of former public relations practitioners. D) Personal selling is not part of the promotional mix, so MPR provides the marketing tools. E) MPR experts accompany sales people as they call on prospects.
Which of the following statements related to attitudes toward women in society is incorrect?
a. In Kenya women are viewed as subordinate to men. b. In fundamental Islamic cultures, women are permitted to work only with other women. c. In the U.S. macroculture, women may choose to work or stay home to care for the family. d. Women in France hold a larger percentage of top management positions than do women in China.