In 2007, the Securities and Exchange Commission (SEC) began to allow foreign companies to use which of the following for its reporting standards?
a. SOX
b. GAAP
c. GAAS
d. IFRS
d
You might also like to view...
U.S. GAAP requires that the completed contract method be used
a. when uncertainty obscures the total costs the contractor will incur in carrying out the project. b. in situations when a firm has not found a specific buyer while construction progresses. c. always to recognize income during construction projects. d. in both circumstances a and b. e. in none of the above situations.
Proper planning can guarantee project success
Indicate whether the statement is true or false
Mavin is the regional manager of Crustie Mex, a packaged food company. He is respected by his peers and subordinates for his immense knowledge and skills. Mavin decides to quit the company for a higher position at another firm. The CEO of Crustie Mex entices him with a competitive compensation package and promotion because he knows that Mavin is an important resource. The given scenario most likely exemplifies the concept of _____.
A. free trade B. blurred retirement C. workforce advantage D. social responsibility
Federal law prevents a provider of communication services-such as a cell phone company-from divulging private communications to certain entities and individuals
Indicate whether the statement is true or false