Which of the following items is not typically used to prepare financial statements?
A) Historical costs
B) Inflation adjustments
C) Estimations
D) Assumptions
B
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If a parent company pays more than book value for a 100 percent owned subsidiary, minority interest arises on the consolidated financial statements
Indicate whether the statement is true or false
________ is a benefit of business incubators.
A. A shared cost B. An information silo C. High security D. Provision of venture capital E. Guaranteed profitability
Which of the following is NOT characteristic of need recognition?
A) Many factors can instigate the recognition of a need. B) Needs can be physiological or utilitarian. C) some needs, like the need for self-esteem, can be complex. D) People need to be self-actualized before fulfilling their most basic needs. E) There is a hierarchy to people's needs.
If there are major failures of several large banks or many small banks, and the Federal Deposit Insurance Corporation (FDIC) insurance fund is insufficient to cover all of the depositors' losses, then the U.S
government will pay the depositors the money owed by the FDIC. Indicate whether the statement is true or false