2) accounting principles are divided into two types. these are -

a. accounting concepts

b. accounting conventions

c. accounting standards

d. (1) and (2) both

Consider the supply of peanut butter. 1) Which of the following would cause a movement along the supply curve (a change in the quantity supplied) for peanut butter? Check all that apply.

Vacation pay payable is reported on the balance sheet as a (n): A) current liability B) long-term liability C) expense D) current liability or long-term liability, depending upon when the vacations will be taken by employees

Courts apply the bill of rights to business corporations because they are:

Adelphia Manufacturing issued $70,000 of direct materials and $10,000 of indirect materials for production.

Marissa is preparing a cash budget for the Chief Financial Officer. What is this an example of?

During Burns Company's first year of operations, credit sales totaled $156,000 and collections on credit sales totaled $113,000. Burns estimates that bad debt losses will be 1.0% of credit sales.

A rational decision maker takes an action only if the a. marginal benefit is greater than both the average cost and the marginal cost. b. marginal benefit is greater than the marginal cost. c. marginal benefit is less than the marginal cost. d.

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $110,500, and it estimates that 6% will be uncollectible. Required: 1.

Which skills are most required for someone in Design? A) knowledge of building processes, knowledge of specialized tools, and knowledge of building laws B) drawing skills, creativity for new ideas, and ability to model large-scale building projects

Stock X has a standard deviation of 22 percent per year and stock Y has a standard deviation of 8 percent per year. The correlation between stock A and stock B is. 21.