There are two types of subsequent events under GAAP; those that require retroactive recognition, and those that do not require retroactive recognition but require disclosure in the notes to the financial statements
Indicate whether the statement is true or false
T
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Which of the following best describes an ethical lapse?
A) Choosing among alternatives that are not clear cut B) Making an unethical choice C) Recruiting people to promote a product without disclosing the true nature of the communication D) Not giving all participants in a conversation access to the information needed to process information E) Promoting transparency in a conversation
Answer the following statements true (T) or false (F)
1. Franchisees are not considered by some to be real entrepreneurs or intrapreneurs. 2. A new venture is a new business or a new line of business. 3. There has been a decrease in the number of colleges teaching students how to be entrepreneurial. 4. Approximately half of new businesses survive less than five years.
The service department will determine its service department charge rate and charge the company's divisions or departments according to their use of that particular service department
Indicate whether the statement is true or false
A c-chart is appropriate to plot the number of flaws in a bolt of fabric
Indicate whether the statement is true or false