In order for a cost to be capitalized (capital expenditure), the following must be present:
a. The useful life of an asset must be increased.
b. The quantity of assets must be increased.
c. The quality of assets must be increased.
d. Any one of these.
Answer: d. Any one of these.
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Which of these takes all the correlations found in studies of a particular relationship and calculates a weighted average of them?
A. Alpha analysis B. Gamma analysis C. Meta-analysis D. Causal analysis E. Beta analysis
If a contract for the sale of goods omits the price to be paid, the: ______
A) contract is void because it is too indefinite to be enforced. B) buyer is required to pay a reasonable price for the goods. C) buyer can pay whatever price the buyer in good faith believes is a proper price. D) seller can rightfully charge whatever price the seller in good faith believes is a proper price.