What is another name for simple average?
A) estimate
B) mean
C) best approximation
D) median
B
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Which of the following is not one of the three criteria for recognition of a liability?
a. The obligation involves a probable future sacrifice of resources at a specified or determinable date. b. The firm is required to make a cash payment for the goods or services. c. The firm has little or no discretion to avoid the transfer. d. The transaction or event giving rise to the liability has already occurred.
The income summary account is closed to the owner's capital account
Indicate whether the statement is true or false
List the three basic types of production technology.
What will be an ideal response?
The Establishment Clause guarantees that there will be no state-sponsored religion
Indicate whether the statement is true or false