Under international accounting standards, remote contingent liabilities are
a. not disclosed.
b. not disclosed unless a guarantee arrangement (e. g., cosigning the loan of another party) exists.
c. disclosed if the amount of the contingent liability is reasonably estimable.
d. treated the same as reasonable possible contingencies.
A
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Practitioners of management accounting and financial management have a responsibility to communicate information fairly and objectively
Indicate whether the statement is true or false
Who does your textbook claim were amongst the first researchers to focus on processes of organizational learning, introducing concepts like single and double loop learning?
a. Levitt and March b. Argyris and Schön c. Morgan and Bowyer d. Marks and Spencer
Benjamin Stone opened Stone's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books:1. Benjamin, the sole stockholder, invested $26,000 cash in the business in exchange for common stock. 2. Benjamin contributed $101,000 of equipment to the business in exchange for common stock. 3. The company paid $2100 cash to rent office space for the month of March. 4. The company received $17,000 cash for repair services provided during March. 5. The company paid $6300 for salaries for the month of March. 6. The company provided $3100 of services to customers on account. 7. The company paid cash of $600 for utilities for the month of March. 8. The company received $3200 cash in advance from a customer for repair
services to be provided in April. 9. The company paid Benjamin $5100 cash as a dividend. Based on this information, total stockholder's equity reported on the balance sheet at the end of March would be: A. $8300. B. $136,200. C. $14,500. D. $133,000. E. $127,800.
Theft is to the criminal law as ____ is to the civil law
a. stealing b. appropriating c. conversion d. trespass