When "Log" Is Noted on a Piece of Work,what Is

question 12

Multiple Choice

When "Log" is noted on a piece of work,what is the flaw in the work?

• A)A word is misspelled.
• B)There is an incorrect citation.
• C)There is a problem with the logic.
• D)The message should be tailored to the reader.

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Definitions:

Continuing Operations

The segments or activities of a business expected to continue for the foreseeable future, excluding any discontinued operations.

Revenue Recognition

The accounting principle that determines the specific conditions under which revenue is recognized or accounted for.

Conservatism

An accounting principle that dictates to recognize expenses and liabilities as soon as possible, but revenues and assets only when they are assured of being received.

Gross Profit Method

A technique used to estimate the amount of inventory a business has by applying the gross margin ratio to the cost of goods sold.