Which component would allow a large company to record the purchase of a $120 printer...

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Accounting

Which component would allow a large company to record the purchase of a $120 printer as an expense rather than capitalizing the printer as an asset?
2. Donald Kirk, former chairman of the FASB, once noted that ...there must be public confidence that the standard-setting system is credible, that selection of board members is based on merit and not the influence of special interests... Which characteristic is implicit in Mr. Kirks statement?
3. Olive or Twist, Inc. changed its revenue recognition policies. Which characteristic is jeopardized by this change?
4. Bar Celona, a publicly traded company, files quarterly and annual financial statements with the SEC. Which characteristic is relevant to the timing of these periodic filings?
5. When there is agreement between a measure or description and the phenomenon it purports to represent, information possesses which characteristic?
6. Catsy Cline is evaluating two companies for future investment potential. Catsys task is made easier because both companies use the same accounting methods when preparing their financial statements. Which characteristic does the information Catsy will be using possess?

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