The direct method of recording inventory at market under the lower of cost or market rule establishes a separate contra asset account and a loss account to record the write-off.

The availability of funds for real estate mortgage loans is affected by the Federal Reserve System through which of the following?

A) Discount rates B) Federal National Mortgage Association C) Federal Housing Administration D) Resolution Trust Corporation

If you confront a problematic team member in public, you run the risk of

A) Embarrassing the team member. B) Calling more attention to the team member. C) Precluding others from speaking. D) All of the above. E) A and C.