According to the ________, acquired assets should be recorded at the amount actually paid rather than at the estimated market value
A) going concern assumption
B) economic entity concept
C) cost principle
D) monetary unit assumption
C
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In which of the following cases is building a database worthwhile for the company?
A) where the product is a once-in-a-lifetime purchase B) where customers show little loyalty to a brand C) where the company has a long relationship with its customers D) where the unit sale is very small E) where the cost of gathering the information is high
Which of the following is an activity that would most likely be performed by a customer service representative (CSR)?
A) processing employee paperwork B) delivering supplies to the factory floor C) providing telephone support for installation D) calling on prospects to sell them the product E) reconciling bank statements with accounting records