Which of the following is a reason for not using the specific identification method?
A) It is impractical to keep track of the purchase and sale of individual items.
B) Deciding which of many identical items sold would be arbitrary.
C) Deciding whether lower or higher-priced identical items sold could be a means of manipulating income.
D) All of these are reasons for not using the specific identification method.
D
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Which of the following pairs of accounts could not be included in the same adjusting entry?
a. Unearned Revenue and Revenue from Services b. Wages Expense and Wages Payable c. Interest Expense and Interest Receivable d. Rent Expense and Rent Payable
Presented below are terms preceded by letters a through f and followed by a list of definitions 1 through 6. Match the letter of the terms with the definitions. Use the space provided preceding each definition. (a) Postaudit(b) Capital rationing(c) Profitability index (d) Net present value (e) Cost of capital(f) Annuity______ (1) Used to compare projects when a company cannot fund all positive net present value projects calculated by dividing present value of net cash flows by the initial investment.______ (2) A series of cash flows of equal dollar amount over equal time periods.______ (3) An estimate of an asset's value to the company; computed by discounting the future net cash flows using the company's required rate of return and then subtracting the initial amount
invested. ______ (4) An evaluation of a project's actual results versus its projected results.______ (5) An average of the rate the company must pay to its lenders and investors.______ (6) Finance constraints that limit a company from accepting all positive net present value investments. What will be an ideal response?
A warrant is required for a search by the police except where:
a. the police are in hot pursuit of a fugitive. b. voluntary consent is given to the search. c. evidence of a crime is in plain view of the police officer. d. All of these.
The introduction of EC has
A) decreased customer loyalty because customers can more easily shop, compare, and switch to different vendors. B) increased customer loyalty because customers do not have time to shop around. C) increased the cost of acquiring and retaining customers. D) decreased advertising and promotion costs.