When a longterm construction contract exists and a company's performance creates or enhances an asset that the customer controls as the asset is created or enhanced, it should probably use the completed-contract method.
a. true
b. false
Ans: b. false
Business
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The Foreign Corrupt Practices Act (FCPA):
A. can fine individuals up to $2 million and five years in prison for violations of the law's bribery provisions. B. makes it a criminal rather than a civil offense to bribe an official of a foreign government. C. makes it legal for bribes paid by managers of one corporation to managers of another. D. contains an exception for facilitating payments intended only to restrict "routine governmental action."
Business
Able accepted Baker into the partnership with an investment of cash, inventory, and store equipment, including accumulated depreciation
Debit ________ & ________ & ________ Credit ________ & ________ What will be an ideal response?
Business