Which of the following stockholders' equity disclosures are required under both GAAP and IFRS?

A) restrictions on the repayment of capital
B) reacquired shares and rights
C) share reserved for future issuances under sales contracts
D) revaluation reserve


B

Business

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When a company records the purchase of 1 month of prepaid expense the transaction does not affect the totals of assets or liabilities and stockholders' equity

Indicate whether the statement is true or false

Business

Which of the following items is not classified as a natural resource?

A) Timberland B) A gas reserve C) An oil well D) Goodwill

Business

The general fund is created primarily from taxes on corporations in industries that create significant amounts of hazardous waste

Indicate whether the statement is true or false

Business

A just-in-time strategy ______.

a. reduces investment in inventory and reduces space requirements b. increases investment in inventory but reduces space requirements c. increases investment in inventory increases space requirements d. reduces investment in inventory but increases space requirements

Business