Reports that examine the buying habits of a group of teenagers at three-month intervals are examples of a longitudinal study

The matching principle, as applied to bad debts, requires

A. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions B. the use of direct write-off method for bad debts C. the use of the allowance method of accounting for bad debts D. that bad debts be disclosed in the financial statements

Eustis Lee is a lawyer who handles only drunk-driving cases. No matter how quickly he resolves the case, he charges each customer $5,000. Lee justifies the fee because of his lengthy education and the years he has spent learning how the judicial system operates. Which pricing policy is the lawyer using?

a. price maintenance b. potential (or base) pricing c. flexible (or variable) pricing d. professional services pricing