Purchase agreements are

a. estimates.
b. commitments.
c. liabilities.
d. contingencies.


B

Business

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As data input functions are automated, Intranet data becomes more

a. complicated to access. b. manufacturing, but not accounting, oriented. c. real-time accessible. d. expensive to install, but easier to use.

Business

Income before taxes for financial reporting usually differs from taxable income reported to tax authorities. Which of the following is/are true?

a. Some of the differences may arise because of permanent differences (items that affect income for financial reporting but never affect taxable income, or vice versa). b. Some of the differences may arise because of temporary differences (items that affect income for financial reporting in a different period than for tax reporting). c. The difference between income tax expense and income tax payable represents the tax effects of temporary differences: either the firm will receive future benefits (deferred tax assets) or it must pay future taxes (deferred tax liabilities). d. U.S. GAAP and IFRS require firms to measure income tax expense based on income for financial reporting (excluding permanent differences) and the income tax authorities impose taxes on taxable income. e. all of the above

Business

Chronemics is the intentional or unintentional implied meaning of a message

Indicate whether the statement is true or false.

Business

What type of hiring or placement interview is usually conducted by people who will be the supervisors and colleagues of a candidate and who take turns asking questions?

A) ?Group B) ?Stress C) ?Panel D) Sequential

Business