The shareholder's appraisal right extends to mergers and consolidations
Indicate whether the statement is true or false
T
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Which costing method tends to level out the effects of cost increases or decreases?
A) Specific identification B) FIFO C) Average-cost D) LIFO
Under both U.S. GAAP and IFRS, nonmonetary transactions do not appear in the statement of cash flows as investing or financing activities, because they do not help in explaining the change in cash. Firms must disclose nonmonetary investing and financing activities in _____
a. the body of the statement of cash flows, only b. a separate schedule, only c. a note, only d. the body of the statement of cash flows, in a separate schedule, or in a note e. none of the above
Which of the following specifically prohibits monopolies?
A. Consumer Product Act B. Federal Trade Act C. Financial Reform Law D. Sherman Antitrust Act E. Robison-Patman Act
Freedom of speech protects only political speech; it does not include speech such as advertising
a. True b. False