When preparing government-wide financial statements, the modified accrual basis governmental funds are adjusted for which of the following events?
A. Internal service fund activities.
B. Long-term debt related events.
C. Capital asset related events.
D. All of the above.
Answer: D
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List and explain the nonfinancial resources that are crucial for the success of a business.
What will be an ideal response?
Which of the following factors should a company consider when determining if an industry offers good prospects for attractive profits?
A. whether the market leaders enjoy competitive advantages and how difficult it is to promote innovation to develop a strongly differentiated product or service for which a price premium may be charged B. whether there are more than five key success factors, more than five barriers to entry, and more than five industry drivers C. an assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor D. constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group E. the industry's growth potential, whether competition appears destined to become stronger or weaker, how the industry's driving forces might affect overall industry profitability, the company's competitive position relative to rivals, and the company's proficiency in performing industry key success factors
________ costing is the only acceptable basis for both external reporting and tax reporting.
Fill in the blank(s) with the appropriate word(s).
A treaty is said to be _____ when those who have drafted it agree that it is in final form
A) bound B) entered into force C) ratified D) adopted