Random number, haphazard selection and block sampling are acceptable sample selection methods for non-statistical sampling
a. True
b. False
Indicate whether the statement is true or false
True
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When epistemic motivation is high, people analyze situations, weigh arguments, and solve problems through effortful thinking; in contrast, when epistemic motivation is low, people are more likely to form quick impressions and make snap judgments based on well-learned rules and heuristics.
Answer the following statement true (T) or false (F)
Of the three cost-flow assumptions, when inventory costs have been falling and inventory amounts increasing, LIFO results in balance sheet figures that are _____, cost of goods sold will _____, and _____ reported net income
a. closest to current cost, be out of date, highest b. out of date, closest to current cost, highest c. closest to current cost, be out of date, lowest d. out of date, closest to current cost, lowest e. closest to current cost, closest to current cost, highest
When a company replaces a component of property, plant and equipment, which statement below does not account for one of the steps to this process?
A) book value of the replaced component is written off to depreciation expense B) the asset cost of the replaced component is credited C) any cost to remove the old component is charged to expense D) the identifiable direct costs associated with the new component are capitalized
If during the accounting period the assets increase by $3,000, and the liabilities decrease by $1,300, then the owner's equity must increase by $1,700 for the accounting records to be in balance
Indicate whether the statement is true or false