Which of the following is true about international accounting standards?
a. Significant differences exist between U.S. GAAP and GAAP of other countries.
b. Few differences exist between U.S. GAAP and GAAP of other countries.
c. The IASB is the standards-setting body of France.
d. It is unlikely that the differences between U.S. GAAP and GAAP of other countries will diminish over time.
A
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Which of the following is FALSE concerning the benefits of the team interview process?
a. The team interview is a collective group of people who know the attributes of the job. b. The team interview members can review resumes individually and collaboratively to identify the ideal candidate. c. The team interview can be used to fairly assess all candidates' qualifications. d. The team interview results in a quicker hiring decision than does a traditional interview.
As part of a lawsuit based on negligence, a plaintiff's spouse may have a cause of action for loss
of consortium based on negligent injury to the plaintiff. Indicate whether the statement is true or false
The Linens Department of the Krafton Department Store had sales of $282,000, cost of goods sold of $173,500, indirect expenses of $19,875, and direct expenses of $41,250 for the current period. What is the Linens Department's contribution to overhead as a percent of sales?
What will be an ideal response?
Which of the following statements is true of the corporate form of business?
A) The board of directors sets policy for the corporation and appoints the officers. B) Changes in the ownership of stock has a negative effect on the continuity of the corporation. C) Any stockholder may commit the corporation to a contract. D) It is easy for stockholders to lodge an effective protest against management.