Which Statement Is Correct

question 55

Multiple Choice

Which statement is correct?

• A)Supplier discounts can only be accounted for by using the gross method.
• B)The amount owing for trade payables is generally not known with a high degree of certainty.
• C)An accrued liability is needed when a company has received goods,but not the invoice.
• D)Completeness means that obligations are reported in the proper accounting period.

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Definitions:

Institutionalized Socialization

The process by which individuals learn and adapt to the norms and roles expected of them by an organization or society at large.

Individualized Socialization

A personalized approach to integrating a new member into a group or organization, taking into account their unique needs and abilities.

Nonverbal Communication

Nonverbal Communication involves the transmission of messages or information through actions, body language, facial expressions, gestures, and other physical behaviors rather than words.

Facial Expressions

Movements of the facial muscles that convey emotions, intentions, or social information to others.