________ occurs when people who are affected by a decision agree with what is to be done

Which of the following items should not appear in the long-term liability section of the balance sheet?

a. Accrued income taxes b. Deferred income taxes c. Bonds payable d. Pension obligations

Quality accounting information should be informative as to both the __________________________________________________ of the current period's earnings and the long-run sustainability of profits

Fill in the blank(s) with correct word