The purpose of accrual basis accounting is to
A. report revenue when received
B. improve the matching of revenue and expense in the proper period
C. report expenses when cash disbursements are made
D. improve the company's net income
Answer: B. improve the matching of revenue and expense in the proper period
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Which of the following is not descriptive of outsourcing?
A. helps reduce the cost structure of a company B. increases the vulnerability of the supply chain C. is limited to the manufacturing process D. invites political backlash from labor unions E. invites political backlash from state legislatures
Which of the following is true of tenancy at sufferance?
A) It can be terminated only after an eviction proceeding. B) It cannot be terminated as the holdover tenant has the title of transfer. C) It has a specific period before expiration. D) It requires a notice period that equals the length of payment period.