New companies and those with volatile earnings and uncertain cash flows generally prefer defined-contribution plans to defined-benefit plans.
Answer the following statement true (T) or false (F)
True
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The matching principle requires that revenues and expenses for the same time period are matched
Indicate whether the statement is true or false
A ________ is an organized network of agencies and institutions which, in combination, perform all the activities required to link producers with users to accomplish the marketing task
A) fulfillment house B) demand signal repository C) general line of merchandise D) channel of distribution
What percentage of students believes their parents want them to behave ethically?
A. 92 B. 85 C. 64 D. 24
Which of the following is correct regarding the provisions of IAS No. 8 on accounting changes and error corrections?
a. IAS No. 8 requires that correction of an error be made only by restatement of all prior periods presented. b. IAS No. 8 requires correction of an error to be made only by reflecting the effect of the correction in income of the period in which the error was discovered without restating previously reported results. c. IAS No. 8 allows correction of an error to be made either through restatement of all period periods presented or by reflecting the effect of the correction in income of the period in which the error was discovered without restating previously reported results. d. IAS No. 8 reflects a preference for not restating prior results in reporting accounting changes and error corrections.