Many of the former Communist nations of Europe and Asia seem to share a commitment to democratic policies and free market economies

To be consistent with the historical cost principle, overhead costs incurred by an enterprise constructing its own building should be

a. allocated on the basis of lost production. b. eliminated completely from the cost of the asset. c. allocated on an opportunity cost basis. d. allocated on a pro rata basis between the asset and normal operations

The people or businesses a debtor owes money to are called the __________________.

A. Debtors B. Bankruptcy estate C. Fraudulent transfers D. Creditors