Cost-benefit principles can be applied to the decision of: a. majority-rule voting. b. which project receives the most votes. c. rational ignorance. d. profit-maximizing firms. e. all of these.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.