When a company's management team signs a consent order issued by the Federal Trade Commission, they agree to stop the advertisement or marketing practice that was investigated, but they do so without admitting guilt
Indicate whether the statement is true or false
TRUE
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In June 2011, the IASB amended IAS 19, Employee Benefits, and significantly changed the method of accounting for defined benefit plan pensions. Regarding these changes, which of the following statements is false?
A) Prior to this amendment, the basic principles of accounting for defined benefit plans under IFRS were the same as U.S. GAAP. B) Under IAS 19, prior service cost is immediately recognized on the income statement as an expense, while under U.S. GAAP prior service cost is recognized in other comprehensive income and reported as a component of accumulated other comprehensive income on the balance sheet. C) The changes in the amendment to IAS 19 make it less likely that GAAP will change to converge with IFRS for pension accounting. D) The major result of the IASB amendments was to remove many of the smoothing devices in pension accounting.
________________________________________ typically include accounts payable, accrued expenses, accrued taxes, deferred taxes, pension obligations and other retirement benefit obligations
Fill in the blank(s) with correct word
Some accountants believe that the percent of revenue method for estimating uncollectible accounts expense is superior to the percent of receivables method because it is more conservative.
Answer the following statement true (T) or false (F)
Dimensions of culture related to how power is used in different societies is an example of which main component of Liden’s servant leadership model?
A. antecedent conditions B. servant behaviors C. leadership outcomes D. transactional leadership