Financial statements prepared using generally accepted accounting principles:

a. use historical costs and are not adjusted for the effects of increasing prices.
b. use historical costs and are adjusted for the effects of increasing prices.
c. use market–based costs and are not adjusted for the effects of decreasing prices.
d. use market–based costs and are adjusted for the effects of increasing prices.


a

Business

You might also like to view...

Sebastian, an employee, understands that he has great potential after taking a self-assessment test at his company. He decides to create a checklist of short-term objectives to achieve to help him hone his skills. In this scenario, Sebastian is employing ________ as a mechanism of career management.

A. self-assessment B. goal setting C. assessment D. feedback E. appraisal

Business

Whitney Company treats each division as a profit center and expects a 20 percent profit on its total production costs. Division A produces a part that it sells externally for $19.00. It also supplies this part to other internal divisions. Its production cost for the part is $13.70. What should be the transfer price for the part using the cost-plus approach?

A) $16.35 B) $16.44 C) $19.00 D) $22.80

Business

Social learning is also called ______ learning.

A. competency B. cultural C. vicarious D. plateau

Business

Which of the following statements is NOT true about nonprofit evaluation programs

a. they take a set of baseline measures on key variables and them revisits them when the campaign or project is completed. b. a way to reduce negative word-of-mouth and engender loyalty c. a survey approach for target audience satisfaction d. a substitute for survey research of target audience satisfaction e. a source of negative information that could lead to employee reprimands

Business