Which of the following is NOT mentioned in the text as a reason people typically cannot answer a survey question?
A) They may not be informed.
B) They may not remember.
C) They may not be able to articulate certain types of responses.
D) All of the selections represent a reason people typically cannot answer a survey question.
E) B and C
D
Business
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Because of the historical cost principle, fair values may not be disclosed in the balance sheet.
a. true b. false
Business
As a result of a court decision, XYZ Company must pay a claimant $100,000 two years from today. What is the present value of the $100,000 award that XYZ Company must pay in two years? Assume a 10 percent interest (discount) rate.
(a) $80,000 (b) $82,645 (c) $93,584 (d) $120,000
Business