What are the four fundamental types of relationships presented in the relational models theory?
What will be an ideal response?
The relational models theory identifies four fundamental types of relationships: communal sharing, authority ranking, equality matching, and market pricing.
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Disclosures for a defined benefit pension plan should include which of the following? I. number of beneficiaries II. reconciliation of the ending value of the projected benefit obligation III. reconciliation of the ending fair value of the plan assets IV. the composition of plan assets V. the discount rate used VI. expected long-term rate of return on plan assets ?
A) I, II, III, IV B) I, III, V, VI C) II, III, V, VI D) III, IV, V, VI
Which of the following applies to a "cookie jar?"
a. Understated accounts payable b. Overstated current assets c. Overstated reserves d. Recording fictitious revenues
When Congress passed a criminal statute called the "Gun-Free School Zones Act," the Supreme Court ruled that:
a. the law was valid as a proper exercise of the power to regulate interstate commerce. b. the law was void for vagueness; thus, it was not valid. c. the law was not valid since Congress exceeded its power under the Commerce Clause. d. although the law was not a proper exercise of the power to regulate interstate commerce, Congress had the power to create such legislation on other grounds. Therefore, the statute was valid.
Deferred Revenues is a(n):
A. Stockholders' equity account. B. Liability account. C. Revenue account. D. Asset account.