The ________ is the tendency for negotiators to behave as if they are communicating
synchronously when in fact they are not.
A) 11th hour negotiation effect B) temporal synchrony bias
C) framing effect D) fundamental attribution error
B
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A breakdown of accounts receivable according to the length of time outstanding is known as a(n):
A) Amortization schedule B) Receivables inventory C) Aging schedule D) Sources of cash flow statement
Clyde operated a food distribution business. He leased a small warehouse in 2014 for $60,000 per year for a 3-year term. The lease was to start on July 1, 2014. Clyde paid the first 2 years' rent in advance in May 2014. Clyde then began to make monthly payments of $5,000 starting on July 1, 2016, and continuing on the first of the month for the balance of 2016. What rent expense may Clyde claim in 2016?
a) None of the answers are correct. b) $50,000 c) $60,000 d) $30,000