Which characteristics describe continuous change?
a. Sudden
b. Disruptive
c. Infrequent
d. Self-organized
d. Self-organized
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Financial statement disclosures concerning income taxes provides financial analysts with information regarding the transactions that had an impact on the year-end deferred income taxes balance.
Answer the following statement true (T) or false (F)
If the combined market value of trading securities at the end of the year is less than the market value of the same portfolio of trading securities at the beginning of the year, the difference should be accounted for by
a. a credit to Investment in Trading Securities. b. reporting an unrealized loss in security investments in the stockholders' equity section of the balance sheet. c. a footnote to the financial statements. d. reporting an unrealized loss in security investments in the income statement.
Luke offered to sell his farm to Kent at $75,000, an offer which Kent declined. A week later, Luke offered to sell the farm for $65,000, stating it was the final offer that would be valid for one month only
Two days later, Kent offered to pay $60,000 for the farm. Luke received Kent's offer a week later and he declined it. After ten days, Kent agreed to buy the farm for $65,000, but Luke refused to sell the farm. Kent decided to sue Luke for a breach of contract. The judge ruled in favor of Luke. Which one of the following is the reason for the ruling in Luke's favor? A) Luke's original offer of $75,000 is still valid, even though rejected. B) Kent's counteroffer of $60,000 had rendered the offer for $65,000 invalid. C) Kent's acceptance was past the set time period in the offer. D) Kent acted in an incompetent manner toward the offer.
General government regulation consists of laws that regulate ________
A) the legislative branch of the federal government B) government-aided organizations C) the executive branch of the federal government D) businesses and industries