Which of the following statements illustrates the principle of independence in accounting?
A. An accountant should never profess to have skills that he or she
does not have.
B. An accountant's decisions must be free of bias and free of conflict
of interest.
C. An accountant should never disclose information to a third party
without consent.
D. An accountant should never promote information to clients that
may be false.
SUBMIT

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Why is efficiency an important economic goal?