Proper reporting of revenues and expenses in a period is due to the accounting period concept

Indicate whether the statement is true or false


True

Business

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The average college student spends what percentage of his time in an average day listening?

A. over 50 B. over 60 C. over 70 D. 47

Business

Small businesses account for all nongovernment employment.

Answer the following statement true (T) or false (F)

Business

Profits you reasonably would have earned had the other party to a contract not breached are called:

a. nominal damages b. profitable damages c. liquidated damages d. punitive damages e. none of the other choices

Business

The multiplication law is potentially helpful when we are interested in computing the probability of

a. mutually exclusive events b. the intersection of two events c. the union of two events d. conditional events

Business