Assimilation is a dimension of enculturation
Indicate whether the statement is true or false.
T
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The rough "rule of thumb" for a quick ratio is that the ratio should be about
a. 2 to 1. b. 1 to 1. c. .1 to 1. d. 1 to .1.
Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.
Accounting and financial reporting standards for profit-seeking businesses and for nongovernmental not-for-profit organizations are set by the Financial Accounting Standards Board.
Answer the following statement true (T) or false (F)
The U.S. current account deficit can be explained partially by
A. citizens of other nations wanting to avoid the dollar. B. American foreign policy in the Middle East. C. U.S. citizens exporting more than they are importing. D. citizens of other nations wanting to hold dollars, and invest in the U.S.