All of the following are criteria that financial reporting requires before recognizing an obligation as a liability except:
a. The transaction or event that gave rise to the obligation has already occurred.
b. The firm has a present obligation and little or no discretion to avoid the transfer.
c. The firm must know the precise amount of the obligation before recording it.
d. The obligation involves a probable future sacrifice of economic benefits–a future transfer of cash, goods, or services; the forgoing of a future cash receipt; or the transfer of equity shares–at a specified or determinable date. The firm can measure with reasonable precision the cash-equivalent value of the resources needed to satisfy the obligation.
C
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Many factors contribute to source credibility and there are several that negotiators can control, including qualifications, trustworthiness, and self-presentation.
Answer the following statement true (T) or false (F)
Which of the following is NOT characteristic of companies with innovative cultures?
a. flexibility b. encouragement of risk taking c. open systems d. a well-established change process
Under Chapter 11, a class that is not impaired under a plan is deemed to have accepted the plan
a. True b. False Indicate whether the statement is true or false
Your firm has expertise with a special type of hand-finished furniture. The learning curve is known to be 82%. If the first piece of furniture took 6 hours, estimate (using the doubling approach) how long it will take to complete the third unit
What will be an ideal response?