Morgan has just been appointed to a task force and wants to be a positive member. Which of the following is the best advice you can give her?
A) Ignore members who are being silent to show respect for them.
B) Tell a lot of jokes throughout the meeting to ease tensions.
C) Share her ideas with other team members, even if they might not be adopted.
D) Bring a list of ground rules she has established to the first meeting.
C
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Indicate whether the statement is true or false
What is the effect of recording the purchase of inventory on account under the perpetual inventory system?
A. Total assets and total liabilities increase B. Total assets increase C. Total liabilities increase D. Total assets are unaffected
Physical counts of inventory:
A. Are not necessary under the cost-to benefit constraint. B. Must be taken at least once a month. C. Are not necessary under the perpetual system. D. Requires the use of hand-held portable computers. E. Are necessary to adjust the Inventory account to the actual inventory available.
Taxable income excludes _____ and uses the accounting methods that the _____ either require or permit firms to use for tax reporting
a. temporary differences; income tax law and regulations b. permanent differences; income tax law and regulations c. temporary differences; U.S. GAAP or IFRS d. permanent differences; U.S. GAAP or IFRS e. temporary and permanent differences; U.S. GAAP or IFRS