Notre Dame University, a private institution, has level "A" GAAP established by the:
A. National Association of College and University Business Officers.
B. American Institute of Certified Public Accountants.
C. Governmental Accounting Standards Board.
D. Financial Accounting Standards Board.
Answer: D
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Arguing that a relationship may exist between two things, but one doesn’t necessarily cause the other to occur, is an example of which type of argument?
a. causation b. correlation c. mediation d. definition
A FASB discussion memorandum suggested that cash flow data are a useful supplemental disclosure for all of the following reasons except:
a. they provide information about the quality of income. b. they aid in assessing flexibility and liquidity. c. they help to identify the relationship between accounting income and cash flows. d. they are a better predictor of future earnings than is accounting income.
The term ________ refers to a document required to be filed by a creditor that states the amount of his or her claim against the debtor.
A. proof of claim B. voluntary petition C. proof of interest D. discharge of debt
The degree to which individuals want personal and psychological development is known as
A) empowerment. B) career enrichment. C) growth need strength. D) self-actualization. E) positive reinforcement.