FASB board members make standard-setting decisions guided by a conceptual framework that addresses the qualitative characteristics of accounting information. Which of the qualitative characteristics of accounting information holds that the information should facilitate comparisons across firms and over time?
a. Relevance
b. Reliability
c. Comparability.
d. Subjective
e. all of the above
C
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One way that existing relationships change the negotiation dynamic is that negotiating within relationships may never end.
Answer the following statement true (T) or false (F)
After an 11-month struggle with esophageal cancer, Leonard R. Brener died on December 8, 2001, at age 85. He had never married. He had no children. He had a long and successful career as a stockbroker. The value of his estate was $8 million. Several
nieces and nephews survived him. He had originally left nearly all of his estate to the Carroll Center for the Blind, the Perkins School for the Blind, and Beth Israel Deaconess Medical Center, Inc The gifts to these nonprofit organizations during Brener's life and through his will were made through detailed living, testamentary, and pour-over trusts. Brener said he did not understand all aspects of the trusts. During the last five weeks of his life he was hospitalized and drafted and executed the final version of his will, which made one niece and her husband the primary beneficiaries of his estate. The nonprofit organizations sought to have the will set aside for lack of testamentary capacity. During those five weeks of terminal illness, Brener spoke of suicide by jumping out of the window, complained of depression, and often complained to his lawyer that he did not understand all the estate planning tools that were being used in his will. The staff at the hospital testified that Brener did not seem confused and was aware that he was dying and wanted to be sure his affairs were in order. Discuss whether the will leaving his estate to the niece and her husband was valid.
Transmission media make up the physical path that data travels over to get from point A to point B
Indicate whether the statement is true or false
Incoterms rules are
A. a series of three-letter codes used in international contracts for the sales of goods. B. trade agreements promoting common policies among member states. C. a series of laws designed to make international contracts more uniform and predictable. D. rules outlining when the power of one nation can impose its laws in other countries.