A segment margin is always greater than or equal to zero
Indicate whether the statement is true or false
False
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Which is an example of a merchandising business?
a. a car manufacturer; b. a dentist; c. a toy factory; d. a pharmacy; e. a travel agency
U.S. GAAP and IFRS require firms to account for debt securities held-to-maturity that are deemed to be impaired. The investor recognizes (debits) _____ and reduces (credits) _____
a. an impairment loss (included in other comprehensive income); the balance sheet carrying value of the investment b. the balance sheet carrying value of the investment; an impairment loss (included in other comprehensive income) c. the balance sheet carrying value of the investment; an impairment loss (included in net income) d. an impairment loss (included in net income); the balance sheet carrying value of the investment e. reserve for impairment loss (included in other comprehensive income); the balance sheet reserve for net realizable value of investments
Earning a regular salary is an example of which of the following?
a. advantage of internal consulting b. advantage of external consulting c. disadvantage of internal consulting d. disadvantage of external consulting
An employee finds out that one of his colleagues dated his girlfriend. The employee acts on this information by assaulting his colleague at work, during work hours. Based on the ________ test, the principal is liable
A) motivational B) premise-based C) work-related D) promotional