Which of the following is/are true regarding the fair value option for marketable securities and derivatives?
a. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives in Other Comprehensive Income.
b. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives, but they have no effect on any lines of the statement of cash flows.
c. Firms using the fair value option mark the carrying value of the asset to fair value each period.
d. If the change in fair value of the derivative decreases carrying value, then the firm reports the amount of that decrease as a loss during the current period.
e. all of the above
E
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Which set of multiplicities correctly shows the relationship between the Cash Collection table and the Sales table in modeling cash sales?
A. Cash Collection (1..1) - Sale (1..1). B. Cash Collection (1..1) - Sale (1..N). C. Cash Collection (1..N) - Sale (1..N). D. Cash Collection (1..N) - Sale (1..1).
Which of the following statements best defines a surety?
A. A person who is not liable for the payment of a principal's debts B. A person who is not entitled to be reimbursed by the principal C. A person who makes a separate promise to be liable for the payment of a principal's debts D. A person who is liable for the performance of another person's duty
Which of the following is one of the three main categories of marketing functions?
A) innovation B) internal communication C) exchange D) publicity E) sales
A turnkey project includes
A. plant design and technology supply. B. construction up to but not including trial runs. C. direct selling. D. government training.