All firms that are publicly traded in the United States will be required to adopt the _____ in the near future.
A. Generally Accepted Accounting Principles (GAAP)
B. Financial Accounting Standards Rules (FASR)
C. Governmental Accounting Standards Principles (GASP)
D. International Financial Reporting Standards (IFRS)
E. National Advisory Accounting Standards (NAAS)
Answer: D
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Identify a principle of the Directive on Data Privacy that conflicts with U.S. practices.
A. Businesses can refrain from informing people of the ways their data will be used. B. Personal data can be processed only if the subject has given consent. C. Organizations can purchase personal data from third parties and never notify the subject. D. Personal data can be used for processes other than the original one.
In a short essay, list six components of a code of conduct for financial institutions according to the publication “Corporate Codes of Conduct: Guidance to Implementing an Effective Ethics Program.”
What will be an ideal response?
What is a project organization?
What will be an ideal response?
During the year the balance in the Accounts Receivable account increased by $6,000. In order to adjust the company's net income to a cash basis using the direct method on the statement of cash flows, it would be necessary to:
A. subtract the $6,000 from the cost of goods sold reported on the income statement. B. add the $6,000 to the cost of goods sold reported on the income statement. C. subtract the $6,000 from the sales revenue reported on the income statement. D. add the $6,000 to the sales revenue reported on the income statement.