The FASB has set a hierarchy of inputs to consider in assessing fair value. Which of the following valuations are generally viewed as the most subjective?
a. Level 0.
b. Level 1.
c. Level 2.
d. Level 3.
d
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According to the 1991 Federal Sentencing Guidelines, what happens to a company that has implemented an effective code of ethics compared to one that does not?
a. It will not be held liable when fraud lawsuits are brought against it. b. It may receive formal financial incentives. c. It is subject to reduced prison sentencing for management. d. There are no formal rewards, but it has an improved reputation.
The best way for a family to handle financial decisions is to:
A. ensure that only one person in the family makes financial decisions. B. communicate consistently about money matters with family members. C. ensure that individuals do not interfere in other family members' financial matters. D. use a third party, who is not a part of the family, to set financial goals. E. maintain confidentiality regarding the reasons behind specific decisions.
The OPM3 is used to assess an organization's experience in implementing an ERP system
Indicate whether the statement is true or false
Explain how the accounting treatment differs between purchased and internally developed intangible assets.
What will be an ideal response?