If the likelihood of a future event is reasonably possible, how should the company report the contingency?
What will be an ideal response
Describe the situation in a note to the financial statements.
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Yvonne knows her firm must look at everything it does from a consumer's point of view. One major difficulty is that consumers' needs, wants, and ________ change over time.
A. just-in-time processes B. ability to purchase C. demographics D. cultural groups E. location
Contracts are essential to the workings of a private-enterprise economy
Indicate whether the statement is true or false
Which of the following written endorsements would be an example of an endorsement prohibiting further endorsement?
A. "Pay to Elaine, without recourse, [signed] John" B. "For collection only, [signed] John" C. "Pay to Elaine only, [signed] John" D. "Pay to Elaine, agent for John [signed] John"
With which of the following would you associate these words: ‘the environment determines success, not the resources controlled’?
a. Penrose b. Machiavelli c. Pericles d. Porter