Ideally, payroll checks are written on a special bank account used only for payroll
Indicate whether the statement is true or false
T
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When consolidating foreign subsidiaries, the foreign subsidiary's financial numbers must be translated into the parents' currency unit. Under U.S. GAAP if the foreign subsidiary is a self-contained unit the
A. temporal method is used. B. historical cost method is used. C. present value method is used. D. current rate method is used.
Which term below involves showing the employee he or she is valued through financial rewards?
A. intrinsic motivation B. inherent rewards C. extraneous motivation D. extrinsic rewards
U.S. GAAP classifies securities that are neither debt securities held to maturity or trading securities as
a. securities available-for-sale. b. securities held for short term profit potential. c. securities held for speculation. d. securities held for speculation. e. derivative securities.
The only difference between the direct and the indirect methods is the:
a. presentation of the cash flows from investing activities. b. presentation of the cash flows from financing activities. c. presentation of the cash flows from operating activities. d. presentation of the cash flows from noncash activities.