The department heads of a plastics company sit down to discuss next year’s budget. fabrication says that two of their extruders are outdated and need to be replaced. accounting explains that without at least two more staffers, they can’t keep up with the books. shipping wants additional funding to cover the rising cost of gasoline. sales believes they could obtain more clients with a larger travel fund. everyone wants a larger budget this year. which strategy would be most effective in this situation?

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.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u. s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?