The use of OR operator means that only one of the conditions must be met
Indicate whether the statement is true or false
T
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IFRS, like U.S. GAAP, require the use of the lower of cost or market method to value inventory, however some differences do exist. Which of the following is not one of the differences?
A) IFRS eliminate the need to use a ceiling in determining market value. B) When write-downs occur, IFRS do not specify how the loss must be categorized in the income statement. C) IFRS allow the reversal of a previous write-down. D) IFRS define market only as replacement value.
What is the most likely outcome when a company demotes the perpetrator but allows him or her to go unprosecuted?
a. The company will avoid bad publicity. b. The perpetrator may commit another fraud in the future. c. The perpetrator will be saved from pain and embarrassment. d. Management will send a signal that fraud will not be tolerated.
When microwaves were new, they often cost over $300, were huge, and had numerous settings and options. Brenda and Bart waited, concerned about potential health hazards and wishing for more choices in the market. By the time they purchased a microwave, sales of microwaves had leveled off and prices had declined significantly. Brenda and Bart were part of the ________ diffusion of innovation group.
A. early adopter B. innovator C. laggard D. early majority E. late majority
An automobile will never be considered be a necessary item for a minor
a. True b. False Indicate whether the statement is true or false