Answer the following statements true (T) or false (F)
A major difference between the IASB’s conceptual framework and FASB’s is that the IASB’s primary user group is limited to investors and creditors.
ANSWER: F
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Which one of the approaches for the allowance method of accounting for bad debts emphasizes matching bad debts expense with revenue on the income statement?
a. The percentage of accounts receivable approach b. The percentage of net credit sales approach c. The direct write-off method d. The uncollectible approach
Which of the following is NOT a deception or fraud concern for Internet users and marketers?
A) phishing B) viral marketing C) malware D) cyber spying E) spyware
Which of the following is true of the International Fund for Agricultural Development (IFAD)?
A. It is considered to be the developmental arm of the IMF. B. It is primarily concerned with funding projects concerning global environmental problems. C. Its membership is limited to the members of the Global Environmental Facility. D. Its membership is open to any member of the UN.
Assume that the risk-free rate, rRF, increases but the market risk premium, (rM - rRF), declines with the net effect being that the overall required return on the market, rM, remains constant. Which of the following statements is CORRECT?
A. The required return of all stocks will increase by the amount of the increase in the risk-free rate. B. The required return will decline for stocks that have a beta less than 1.0 but will increase for stocks that have a beta greater than 1.0. C. Since the overall return on the market stays constant, the required return on each individual stock will also remain constant. D. The required return will increase for stocks that have a beta less than 1.0 but decline for stocks that have a beta greater than 1.0. E. The required return of all stocks will fall by the amount of the decline in the market risk premium.