The materiality constraint: Multiple Choice Requires use of the direct write-off method. States that an amount can be ignored if its effect on financial statements is unimportant to user's business decisions. Requires use of the allowance method for bad debts. States that bad debts not be written off. Requires that expenses be reported in the same period as the sales they helped produce.

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: