PTG Enterprises purchases many small pieces of office furniture, such as trash cans, that cost less than $100 each. PTG accounts for these items as expenses when acquired rather than reporting them as property, plant, and equipment on its balance sheet. The company's accountant states that no accounting principle has been violated. Justification for PTG's policy of expensing these furniture items
is based on cost vs. benefit considerations as well as qualitative characteristic of accounting information of:
A) conservatism.
B) materiality.
C) reliability.
D) verifiability.
B
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The Agreement on Implementation of Article VII of GATT 1994 is designed to harmonize the methods used by WTO member states to determine the value of goods for customs purposes
Indicate whether the statement is true or false
Sara sets the stretch goal of increasing her productivity on evaluating claims forms by 20 percent, meaning that
A) it will be quite easy for her to attain the 20 percent improvement. B) she will have to improve her motivation to even try to attain the 20 percent. C) with some concentrated effort she can reach the 20 percent. D) her chances of increasing productivity by 20 percent are quite small.