The criteria for liability recognition include(s):
a. the item represents a present obligation, not a potential future commitment or intent.
b. the obligation must exist as a result of a past transaction or exchange, called the obligating event.
c. the obligation must require a probable future economic resource that the firm has little or no discretion to avoid.
d. the obligation must have a relevant measurement attribute that the firm can quantify with sufficient reliability.
e. All of these answers are correct.
E
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One of the basic values that strongly influenced attitudes in the United States' first 200 years and still holds for a majority of Americans today is nonconformity
Indicate whether the statement is true or false a. True b. False
Sinesia is a country that is famous for its vast deposits of cobalt, a material that is used to make high-speed and high-temperature cutting tools and dyes. A company that wants to manufacture tools for shaping steel would be most attracted to Sinesia's:
a. political structure. b. cultural aspects. c. natural resources. d. demographic makeup.
According to the steps involved in formulating a total compensation strategy, which of the following is the step that follows the assessment of total compensation implications?
A. implementing cultural and regulatory changes B. realigning as conditions change C. implementing strategy D. reassessing the fit E. mapping a total compensation strategy
The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $576,000. If these calculators are upgraded at a total cost of $100,000, they can be sold for a total of $160,000. As an alternative, the calculators can be sold in their present condition for $40,000.Assume that Tolar decides to upgrade the calculators. At what selling price per unit would the company be as well off as if it just sold the calculators in their present condition?
A. $350 per calculator B. $50 per calculator C. $110 per calculator D. $308 per calculator