_____ are probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of a past event or transaction
a. Assets
b. Liabilities
c. Shareholders' equity
d. Revenues
e. Expenses
B
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The implementation of an ERP creates an environment with a single point of failure, which places the organization at risk
Indicate whether the statement is true or false
The convention of consistency refers to consistent use of accounting principles
A) among firms. B) within a given accounting period. C) within industries. D) among accounting periods.
“Men just seem to be naturally better at leadership than women; that’s just a fact!” This statement is an example of ______.
A. prejudice B. gender egalitarianism C. institutional collectivism D. diversity
________ is the requirement that a tribunal must have power over the parties before it may hear a dispute
A. Advisory jurisdiction B. Personal jurisdiction C. In personam jurisdiction D. In rem jurisdiction