You are a manufacturing engineer working for an aircraft company. the production lines you are responsible for are running at full capacity to keep up with the high demand. one day, you are called into a meeting where you learn that one of your suppliers of bolts has been forging testing results. the tests were never done, so no data exists to tell if the bolts in question meet your standards. you do not know how long the forging of the test results has been going on. you are only told that it has been “a while." this means that your whole production line including the planes ready to be delivered may be affected. you are asked to develop a plan to manage this crisis. what do you do?

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.