Which of the following is not true?
a. Gains (losses) are increases (decreases) in net assets from peripheral or incidental transactions of an entity and from other transactions and events affecting the entity except those that result from revenues (expenses) or investments by (distributions to) owners.
b. Firms usually report gains and losses from sales of assets or settlements of liabilities at the present value of future cash flows; that is, equal to the difference between the net asset received and the carrying value of the asset sold or between the net asset given and the carrying value of the liability settled.
c. Gains and losses may arise from the remeasurement of assets and liabilities.
d. Firms realize gains and losses when they sell or exchange assets or settle liabilities in market transactions.
e. Firms recognize gains and losses when those items enter the measurement of net income or other comprehensive income.
B
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For textile production, the U.S. capital/labor ratio is 0.5 and China's capital/labor ratio is 0.02. This means that
a. the United States is the relatively capital scarce country. b. China is the relatively labor scarce country. c. China is the relatively capital abundant country. d. the United States is the relatively capital abundant country.
A firm that is willing to maintain its market share, and not attack the leader and other competitors in an aggressive bid for further market share, is known as a market ________
A) challenger B) leader C) follower D) nicher E) entrant
As enunciated by President Kennedy about 50 years ago, consumers have the right to low prices, safety, full employment, and to be heard
Indicate whether the statement is true or false
Growth stocks generally pay large dividends on a regular basis.
Answer the following statement true (T) or false (F)