The ________ justifies the use of accrual accounting
A) historical cost concept
B) going concern concept
C) monetary unit assumption
D) business entity concept
Answer: B
Business
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Which section of a life insurance policy specifies the conditions, times, and circumstances under which the insured is NOT covered by the policy?
A) Insuring clause B) Exclusions C) Coinsurance provision D) Coverages"
Business
Which of the following is most likely true about shoppers who prefer to shop at "lifestyle centers"?
A) They use coupons. B) They prefer upscale stores. C) They prefer indoor shopping locations. D) They rarely dine out in expensive restaurants. E) They are motivated by deals on last year's merchandise.
Business