Which of the following is not true?
a. A firm must recognize derivatives on its balance sheet as assets or liabilities, depending on the rights and obligations under the contract.
b. Firms must remeasure derivatives to fair value each period.
c. The change in fair value either increases or decreases the balance sheet carrying value of the derivative asset or liability.
d. The change in fair value affects either (1) net income immediately (like a trading security), or (2) other comprehensive income immediately and net income later (like securities available-for-sale).
e. The income effect of a change in the fair value of a derivative is independent of the purpose for which a firm acquires the derivative and whether the firm chooses to apply hedge accounting.
E
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Which department is responsible for approving changes in pay rates for employees?
a. payroll b. treasurer c. personnel d. cash disbursements
Which of the following is usually the most expensive way to collect data from consumers?
A. online surveys B. personal interviews C. e-mail surveys D. telephone surveys E. mail surveys
There is no evidence that commitment to ethical values is linked with financial performance of business organizations
Indicate whether the statement is true or false
Manis owns 100 shares of stock of the Linquist Corporation. She sells her stock to Sosnik and delivers to him: (1 ) her stock certificate for 100 shares and (2 ) a written, signed assignment of the 100 shares to Sosnik. The assignment form printed on
the back of the share certificate is left blank and is not signed. Sosnik refuses to take the certificate and the assignment on the ground that Manis must fill in and sign the assignment form on the stock certificate to make the transfer of stock effective. Is he correct?