Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items stolen from a car." This type of notice is referred to as an exculpatory clause.
a. true
b. false
a. true
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The volume of transactions affected is one of the critical criteria in assessing identified internal control deficiencies
a. True b. False Indicate whether the statement is true or false
According to the text, one expectation by companies that adopted the global organizational form was that this change may
A. permit them to obtain cheaper labor. B. guarantee them lower production costs by larger market share. C. enable them to get lower interest rates to finance expansion. D. enhance technology transfer and the allocation of company resources. E. be more capable of avoiding global competition.
Which of the following is/are not true regarding the classification of redeemable preferred shares on the balance sheet?
a. The classification of redeemable preferred shares on the balance sheet depends on the conditions for redemption. b. If only the issuing firm has the option to redeem, then the preferred shares are part of its liabilities. c. If the issuing firm must redeem the preferred shares (so-called "mandatory redemption"), either at a specified time or upon a specified condition certain to occur, the issuing firm treats the preferred shares as a liability. d. If the preferred shareholders have the option to require redemption, then the preferred shares appear between liabilities and shareholders' equity under U.S. GAAP. e. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under IFRS.
Analyzing one's audience is more important for written reports than for oral reports
Indicate whether the statement is true or false