In general, GAAP requires receivables to be recorded and reported at their present value, but excludes accounts receivables from this rule
Indicate whether the statement is true or false
True
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Karl Marx was sure that industrial capitalism inevitably, necessarily, alienates workers from the product of their work, from the creative process of work, and from their very essence as social creatures.
Answer the following statement true (T) or false (F)
MRO (maintenance, repair, operations) items are examples of ______.
A. noncritical purchases B. strategic purchases C. bottleneck purchases D. leveraged purchases
Andy works for a bank in mergers and acquisitions. Andy knows that Airfax Inc will be taken over in a few weeks and he tells his friend Dan that if he buys shares in Airfax right now he will make lots of money when the takeover is announced
That day Dan then purchased $100,000 worth of Airfax shares. Two months later when the takeover bid was announced, Dan sold his Airfax shares for $180,000, a profit of $80,000. As a result which of the following statements is FALSE? A) Dan is guilty of insider trading B) Andy is guilty of tipping C) Andy is guilty of insider trading D) both Dan and Andy could potentially face significant fines E) both Dan and Andy could potentially face jail time of up to 10 years
Federalism is:
a. A union of states under a central government. b. The preclusion of a government undertaking significant international affairs. c. a government made up of royal or imperial leadership. d. Leadership selected on the basis of intellectual criteria