The consolidation method is used to account for long-term investments in equity securities with controlling influence.
Answer the following statement true (T) or false (F)
True
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The payroll supervisor usually reports directly to:
a. the treasurer b. the cashier c. the controller d. the VP Finance
In U.S. GAAP, which of the following accurately describes the effects of transactions involving investments on the statement of cash flows using the fair value method for securities available for sale and cash flow hedges?
a. Realized gains and losses appear in Retained Earnings. Unrealized gains and losses appear in net income. b. Realized gains and losses appear in Other Comprehensive Income. Unrealized gains and losses appear in net income. c. Realized gains and losses appear Shareholders' equity. Unrealized gains and losses appear in Other Comprehensive Income. d. Realized gains and losses appear in Retained Earnings. Unrealized gains and losses appear in Other Comprehensive Income. e. Realized gains and losses appear in net income. Unrealized gains and losses appear in Other Comprehensive Income.
Management's discussion and analysis:
A) is a report of the independent accountants. B) can be a substituted for the notes to the financial statements. C) provides a discussion and analysis of the financial activities of the company by the company's management. D) provides assurances that the auditors are responsible for the financial statements.
Researchers have found that the contextual style of communication is often associated with:
A. high-power-distance, individualistic, low-context cultures. B. low-power-distance, individualistic, high-context cultures. C. high-power-distance, collective, high-context cultures. D. low-power-distance, collective, high-context cultures.