A code of ethics ______.
a. is required by law in the United States
b. is a specific set of professional behaviors and values
c. is based upon principles developed by the United Nations
d. is mandated by the ISO
b. is a specific set of professional behaviors and values
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The historical discount rate of the firm may be a good indicator of the appropriate discount rate to apply to the firm in the future, when all of the following conditions hold true except:
a. The current risk of the firm is the same as the expected future risk of the firm. b. Expected future interest rates are likely to equal current interest rates. c. The existing capital structure of the firm is the same as the expected future capital structure of the firm. d. The current mix of debt and equity financing is equal.
If liabilities total $70,000 and stockholders' equity totals $50,000, then total assets must be:
a. $20,000. b. $80,000. c. $120,000. d. $30,000. e. $30,000.
Once determined, an unrecognized tax benefit under ASC 740 is not readjusted for subsequent events.
Answer the following statement true (T) or false (F)
Conceptual modeling is performed during systems design
Indicate whether the statement is true or false