While searching information about the market, it is convenient to begin the search with this source of information. Identify it
A) internal sources
B) annual report
C) patent and trademark filings
D) government sources
A
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When the estimates involved in earnings management begin moving outside a reasonable range, the financial statements can become misleading
Indicate whether the statement is true or false
Which of the following, if discovered by Somber Company in the accounting period subsequent to the period of occurrence, requires the company to report the correction of an error?
a. The estimate of the useful life of a depreciable asset should have been revised. b. Capitalization of an expense c. A change from declining-balance depreciation method to straight-line method d. Change in percentage of sales used for determining bad debt expense
The interest on a 6%, 60-day note for $5,000 is $300
Indicate whether the statement is true or false
Which conflict management strategy is defined as an attempt to suppress a conflict and pretend it does not exist?
a. Acclimation b. Collaboration c. Competition d. Avoidance