Which one of the following is not one of the three activities included in the definition of accounting?
a. Communicating
b. Identifying
c. Measuring
d. Operating
d
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An express warranty can be made by mistake
Indicate whether the statement is true or false
Abigail signed a contract to purchase a new car from Wolf's Auto Sales Company. The seller breached its agreement by not delivering the car. Abigail went to another car dealer and purchased the same model of car at the same price. Although she had
experienced a legal injury, Abigail has no actual financial or other damages as a result of the breach. If Abigail sues and wins, what type of damages will she be awarded?
Which of the following agreements were made as a part of the Basel III Accord (2010)??
A. ?Agreement to increase banks' capital (owners' equity) requirements in an effort to reduce the risk that mega bank failures will cause future financial crises B. ?Agreement to put restrictions on the ability of the U.S. government to use taxpayers' funds to bail out large financial institutions C. ?Agreement to create new organizations to help provide consumers clear and accurate information related to credit so that better-informed decisions can be made D. Agreement to permit the U.S. government to purchase up to $700 billion in troubled mortgages in an attempt to improve liquidity in the financial markets? E. ?Agreement to limit the salaries of executives whose companies received Troubled Asset Relief Program (TARP) funds.
A foreign currency will, on average, depreciate against the U.S. dollar at a percentage rate approximately equal to the amount by which its inflation rate exceeds that of the United States.
Answer the following statement true (T) or false (F)