Which of the following is not one of the stages used by the FASB process before issuing an Accounting Standards Update?
A) Conducting research
B) Issuing an Exposure Draft
C) Obtaining approval from the SEC for the new standard
D) Holding public hearings
C
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Which of the following is a micro-blogging social network site that allows users to send and receive 280-character messages, as well as news articles, photos, and videos?
A. Facebook B. Twitter C. Pinterest D. Instagram
A character set that is the American national standard is
a. ASCII b. EBCDIC c. Baudot d. Morse
ABC Siding, Inc. manufactures aluminum siding. ABC enters into a contract to deliver siding to Slippery Siding, Ltd., a retailer of aluminum siding. The written agreement insists that all modifications to the agreement be in writing and signed by both parties. This prohibition against oral modifications is
A. valid regardless of whether the clause is signed separately. B. invalid unless the clause is signed separately by Slippery Siding, Ltd. C. invalid unless the clause is signed separately by ABC Siding, Inc. D. invalid unless new consideration is supplied by the parties when the modification agreement is made.
When the projected liabilities and equity are greater than the assets, the firm can plan to ________
A) retain extra cash B) pay dividends C) retire debt D) all of the above