Define BFOQ?
What will be an ideal response?
Bona Fide Occupational Qualifications, could allow employees to make gender or race a relevant job qualification- if it is job related. Today, BFOQs are all but dead.
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The debt to equity ratio is expressed in terms of dollars
Indicate whether the statement is true or false
Which of the following is/are not true?
a. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. b. Employers often contribute cash to a trust, an entity administered by the employer, to fund their retirement obligations. c. The accounting records of the trust established to fund the retirement obligations are separate from the accounting records of the employer, and the amounts on the two sets of books usually differ. d. Payments to employees come from both the employer's contributions and investment returns of the trust established to fund the retirement obligations. e. all of the above
Providers of more intangible services offer a "menu" of products, representing carefully prescribed value-added supplementary service built around the core offering
Indicate whether the statement is true or false
Discuss the effect, if any, each of the following should have on the recognition of future events: a. The probabilistic nature of future events b. Management intent c. Conservatism d. Future economic conditions e. Future legal requirements
What will be an ideal response?