Interest on a loan for a home purchase is which type of interest?
A. Annually paid
B. Compound
C. Complex
D. Simple
Answer: D. Simple
The interest paid on real estate loans is simple interest
Business
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Why is accounting conservatism NOT a basic principle underlying accounting standards in the People's Republic of China?
A. It is perceived to manipulate accounting numbers for the benefit of owners by exploiting workers. B. It too closely reflects the views of the masses, which are not considered in establishing accounting standards. C. Conservatism has been shown to cause economic hardship for companies operating in China. D. Conservatism overstates assets, which is perceived to distort financial results.
Business
The decision rule ________ is also referred to as the optimist's criterion
Fill in the blanks with correct word
Business