To which of the following entities must a company report if it sells its stock on the organized stock market?
a. American Institute of Certified Public Accountants (AICPA)
b. American Accounting Association (AAA)
c. International Accounting Standards Board (IASB)
d. Securities and Exchange Commission (SEC)
d
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In choosing among alternatives, managers are guided by historical cost information
Indicate whether the statement is true or false
Firms often acquire derivative instruments to hedge interest rate, exchange rate, commodity price, and other risks. U.S. GAAP and IFRS classify derivatives into which of the following categories?
a. Fair value hedges of a recognized asset or liability or of an unrecognized firm commitment, only. b. Cash flow hedges of an existing asset or liability or of a forecasted transaction, only. c. Nonhedging derivative, only. d. Fair value hedges of a recognized asset or liability or of an unrecognized firm commitment, cash flow hedges of an existing asset or liability or of a forecasted transaction, and nonhedging derivative. e. none of the above
The best strategy to use in presenting yourself in an employment interview is to
A) try to outsmart the interviewer. B) avoid as much eye contact as possible with the interviewer. C) be dramatic about your past accomplishments. D) present yourself favorably but accurately.
A plant asset's useful life is the length of time it is productively used in a company's operations.
Answer the following statement true (T) or false (F)