The medical suffix phobia means fear
Indicate whether the statement is true or false
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A constraint mentioned by GAAP on qualitative characteristics is
A) understandability B) timeliness C) faithful representation D) benefits greater than costs
Shadow Services uses the accrual method and reports on a calendar year. This year Shadow agreed to a uniform-cleaning contract with Odie Cleaning. Under the contract Odie bills Shadow for cleaning services as the services are provided. At year-end Shadow paid Odie $2,350 for the services rendered during the year. In addition, Shadow paid Odie $700 for cleaning services expected in January of next year. What amount, if any, can Shadow deduct for the cleaning services this year?
What will be an ideal response?
Which of the following are exemptions for non-issuers?
A) Securities up to $1.5 million in any 12-month period if compliance with Regulation A is achieved. B) Sales of restricted or nonrestricted securities by affiliates. C) Resales of restricted securities acquired under Regulation D. D) The 1933 Act offers no exemptions from registration for sales by non-issuers.
Which of the following statements regarding social enterprises is TRUE?
A) Social enterprises are essentially nonprofit organizations. B) To become a socially conscious organization, one-half of shareholders must approve. C) The focus of social enterprises is the motto "reduce, reuse, recycle." D) A social enterprise must agree to measure its social benefit using objective third party standards.