The basis used to classify assets as current or noncurrent is:A) Whether an asset is monetary or nonmonetary. B) The operating cycle or one year, whichever is shorter. C) Usually one year, because the operating cycle typically is less than one year. D) Whether the asset is currently used in the company's operations.

Terry, a self-employed laboratory consultant specializing in white mice, attended a convention in paris concerning the care and feeding of white mice. the convention was held in paris since most of the white mice specialists in the world are located in france. terry's expenses were $1,600 for airfare, $400 for food, and $400 for lodging. terry spent 5 days at the convention and 3 days visiting friends. how much can she deduct for the trip?

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.