Current assets and current liabilities are expected to be used up or come due within one year or the company's operating cycle whichever is longer.
Answer the following statement true (T) or false (F)
True
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FASB has set forth all of the following conditions for recognizing transfers of receivables as sales only if the following conditions of surrendering control of the receivables are met except:
a. The assets transferred have been isolated from the selling firm. b. The buying firm obtains the right to pledge or exchange the transferred assets, and no condition both constrains the transferee from taking advantage of its right and provides more than a trivial benefit to the transferor. c. The selling firm does not maintain effective control over the assets transferred through (a) an agreement that both entitles and obligates it to repurchase the assets or (b) the ability to unilaterally cause the transferee to return specific assets. d. A creditor of the selling firm can access the receivables in the event of the seller's bankruptcy.
______ is being used to describe managers who actively pursue corporate social responsibility initiatives.
a. Ethical leadership b. Moral leadership c. Responsible leadership d. Social leadership
The experience of the decision maker in specific business settings can be used as a criterion for establishing goal priorities
a. True b. False
Most paint is neither biodegradable nor friendly to the environment because it is made with petroleum solvents. A builder who decided to build a subdivision with 500 homes and paint each with an environmentally-friendly, soy-based paint (even though it costs more) would be practicing
A. cause marketing. B. stakeholder responsibility. C. mass marketing. D. profit responsibility. E. societal responsibility.