The state board of education has asked for the number of last year's high school graduates attending each of the state's 19 public universities. Which of the following graphics would be MOST effective?
a. Bar chart
b. Pie chart
c. Table
d. Gantt chart
C
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When you're writing a business plan, the ________ section explains the purpose of your business and what you hope to accomplish
A) mission and objectives B) design and development C) products and services D) financial projections and requirements E) monitor-and-control
Which of the following principles states that a business should not report anticipated gains?
A) conservatism B) materiality concept C) disclosure D) consistency
In a job order costing system, when the goods are sold, the Cost of Goods Sold account is increased, and the Finished Goods Inventory account is decreased for the selling price of the goods sold
Indicate whether the statement is true or false
Which of the following is not true about goodwill?
a. Goodwill reflects the value of knowledgeable employees. b. Goodwill reflects the value of a reputation for quality products. c. Under IFRS, goodwill has an indefinite life, and firms do not amortize the amount recognized as goodwill. d. Firms must test goodwill annually for a loss in value. e. Under U.S. GAAP, goodwill has an indefinite life, and firms amortize the amount recognized as goodwill.