When using modified accrual accounting, revenues should be recognized when measurable and available to finance expenditures of the current period.
Answer the following statement true (T) or false (F)
True
Under modified accrual accounting, revenues are recognized when they are both measurable and available to finance expenditures of the current period.
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________ are major exporters of manufactured goods, services, and investment funds
A) Raw material exporting economies B) Subsistent economies C) Industrializing economies D) Industrial economies E) Emerging economies
Which of the following is an appropriate computation for return on investment?
a. Sales divided by total assets b. Net income divided by total assets c. Net income divided by sales d. Sales divided by stockholders' equity
When doing business in China, it is important to remember that
a. persons of low rank never have any influence or power in a relationship. b. one must never give in to any demands of the Chinese hosts. c. exchanges are often uneven, working to the advantage of weaker members in the relationship. d. an emotional appeal to superiors will almost always be successful. e. obtaining the favor of subordinates will be seen as a sign of weakness.
Someone who expressly assumes a mortgage is personally obligated to pay it
Indicate whether the statement is true or false