###1) The cost-benefit test constraint refers to:

A)	the recording of assets at their historical cost rather than their fair market value.

B)	the requirement that all benefit transactions must conform to "industry practice."

C)	the benefit of complying with an accounting principle should outweigh the cost of compliance.

D)	the idea that "when in doubt, take the most beneficial action."

###2The due date of a 60-day note dated October 15, is

A)	December 12.

B)	December 16.

C)	December 13.

D)	December 14.