Answer the following statements true (T) or false (F)

According to SFAC No. 4, “earnings” is the indicator of a non-business organization’s performance that is comparable to “income” in the profit sector.


ANSWER: F

Business

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Among aspects of ________ are goodwill, mutual respect, cooperation, and teamwork.   

A. relational capital B. social capital C. personal capital D. productivity capital E. human capital

Business

What are three of the major HR-related organizations and what do they focus on?

What will be an ideal response?

Business

All but one of the following is sufficient justification to prenumbering forms. Which one is not a sufficient justification?

A. It saves employee time and effort. B. Greater control can be exercised over the form. C. It makes the form appear to be more official. D. It facilitates the ease with which forms are rearranged.

Business

Halbeck, LLC was negligent in its audit of E-treme, Inc Unbeknownst to Halbeck, E-treme used the financial statements to secure a loan from Great State Bank. Under the foreseeable doctrine, Halbeck will be liable to Great State Bank for its losses on the loan

a. True b. False Indicate whether the statement is true or false

Business