Which of the following is not true?
a. Firms reclassify gains and losses initially classified in other comprehensive income into net income when a confirming event subsequently occurs.
b. Firms close amounts in other comprehensive income for a period to Accumulated Other Comprehensive Income at the end of the period.
c. Net income includes gains and losses from sales or exchanges of assets or settlements of liabilities related incidentally or peripherally to the firm's core business.
d. Authoritative guidance classifies gains and losses from the remeasurement of certain assets and liabilities as either net income or other comprehensive income.
e. The FASB's and IASB's conceptual framework contains a conceptual model for classifying items in net income versus in other comprehensive income.
E
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What is not an example of an unexpected or incongruous focal object, in relation to the factors that influence perception?
A. valuing work ethic like never missing a day of work B. someone who is very vocal in an otherwise quiet meeting C. a beat up old Chevy truck at the country club D. wearing a lot of makeup and false eyelashes to the gym
Fashion Spell, an apparel store, has a page on Facebook through which it interacts with its customers. It encourages customers to post comments about the store and give feedback
It also holds a lucky draw competition every week and the winner receives a gift voucher from Fashion Spell. Given this information, Fashion Spell uses _____ to increase its customer base. a. social media marketing b. product adaptation c. contract manufacturing d. countertrade
Reliability is the degree of accuracy or precision in the measurements made by a research instrument when the same set of information is collected again.
a) True b) False
In Geczi v. Lifetime Fitness, where Geczi suffered an injury when a treadmill at Lifetime malfunctioned but a jury held Lifetime not to be negligent, the appeals court held that Lifetime was not liable because:
a. Geczi expressly assumed the risk of injury b. Geczi was over 18 when she signed the release of liability form c. Geczi was a rational adult who should have understood the inherent risks of a treadmill d. Geczi signed the release of liability form in front of witnesses e. all of the other choices are correct