When a company borrows cash from a bank promising to repay the amount borrowed plus interest, the borrower reports its liability as notes payable.
Answer the following statement true (T) or false (F)
True
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Which of the following is not considered part of comprehensive income?
A) translation adjustments from financial statement conversions B) gains and losses on derivative financial instruments C) gains and losses associated with the sale of a business component D) gain and losses associated with adjustments to pension plan assets and liabilities
Review the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Purchases and Cash Disbursements classes?
A. One purchase can result in multiple payments to the supplier. B. Each supplier must be paid for the purchases from that supplier. C. Each check written to the supplier is for one specific purchase. D. Disbursements are made after the purchases are recorded.
Which ethical principle states that the benefit from a decision must outweigh the risks, and that there is no alternative decision that provides the same or greater benefit with less risk?
a. minimize risk b. justice c. informed consent d. proportionality
Given that a customer purchased the brand Cessy in the present year (year 1), determine the probability that a customer will purchase Cessy in year 3
What will be an ideal response?