While planning a study, a researcher may exclude some related factors because it will be impractical to analyze them within the time allowed for the study

Which of the following recording procedures would result in the highest net income for 2012? 1. Recording purchases at gross amounts 2. Recording purchases at net amounts, with the amount of discounts not taken shown under "other expenses" in the income statement

a. 1 b. 2 c. Either 1 or 2 will result in the same net income. d. Cannot be determined from the information provided.

Which expense is an example of a fixed operating expense?

A. Real estate Taxes B. Maintenance C. Management D. Utilities