The expensing of a long-lived asset such as a wastebasket is justified by which of the following accounting rules or principles?

In decision trees, a decision node (a square) is a time when the result of an uncertain event becomes known

a. True b. False Indicate whether the statement is true or false

Of the following, which is NOT true about the export-import business?

a. Many employees, often 100+, are required for an export-import business to operate. b. The export-import business is a relatively low-risk operation. c. The export-import business involves penetrating foreign markets or importing merchandise at competitive prices for domestic consumption. d. The opportunity to participate in export-import business is significant. e. Government agencies offer specialized seminars and programs on how to identify markets overseas and sell merchandise there.