Which of the following is NOT an implication of the going-concern assumption?
a. The historical cost principle is credible.
b. Depreciation and amortization policies are justifiable and appropriate.
c. The current/noncurrent classification of assets and liabilities is justifiable and significant.
d. Amortizing research and development costs over multiple periods is justifiable and appropriate.
D
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Which of the following statements best describes the application of the continuity of enterprise principle to a Type A tax-deferred reorganization?
A. The continuity of business enterprise principle does not have to be satisfied as long as the business purpose principle is satisfied. B. The continuity of business enterprise principle must be satisfied for both the acquirer and the target corporation. C. The continuity of business enterprise principle must be satisfied for only the target corporation. D. The continuity of business enterprise principle must be satisfied for only the acquirer.
In an effort to attract assembly operations, Brazil allows certain product components to be imported at reduced tariff rates. This is an example of:
A) offsets. B) preferential tariffs. C) the effect of the Customs Valuation Code. D) an EMC. E) discriminatory procurement.
When developing a message, which of the following will contribute to the impact of the message?
A) Assuming the audience has experience with the subject matter B) Organizing and clarifying all essential information C) Using words and phrases designed to impress the audience D) Using subject specific and complex language whenever possible E) Writing for the most senior member of the organization who may read the message
This chapter presented a multitude of laws designed to protect consumers. Which three statutes do you think are most important and why? Make sure to define what protections the legislation affords consumers, and then explain the importance of the statute