Why is GAAP needed?
What will be an ideal response?
Ans: Establishes the rules for recording transactions and preparing financial statements
Business
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John is getting ready to conduct a store audit. He makes a list of key variables measured in a store audit. Which of the following is NOT one of them?
a. Beginning and ending inventory levels b. Sales receipts c. Point-of-purchase displays d. Consumer attitudes toward store displays e. In-store promotions
Business
In the context of the relationship between the listing broker and the seller, the broker is a(n):
a. agent of the seller. b. dual agent. c. employer of the seller. d. subagent of the seller.
Business