An item would be considered material and therefore would be disclosed in the financial statements if the
a. expected benefits of disclosure exceed the additional costs.
b. impact on earnings is greater than 3 percent.
c. FASB definition of materiality is met.
d. omission of misstatement of the amount would make a difference to the users.
D
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Which of the following situations could lead to a service breakdown?
A. A manager prepares a report ready for distribution, on time. B. Room service food was delivered at the appropriate time and temperature. C. A hotel room is not ready past the stated check-in time. D. The delivery of needed parts, ordered by a manufacturer, arrives on time.
An experiment consists of four outcomes with P(E1) = 0.2, P(E2) = 0.25, and P(E3) = 0.05. The probability of outcome E4 is
A. 0.500. B. 0.0025. C. 0.100. D. 0.
The significance of the Haymarket Square Riot, starting with the battle between strikers and their replacements at McCormick Reaper Works was:
A. It signaled the decline of unions in the U.S. B. It was instrumental in turning public opinion away from employers and toward unions. C. It resulted in better wages, hours, and working conditions for McCormick employees. D. It weakened the Knights of Labor even though the union had encouraged workers not to strike.
"Did you hear that Glenn is returning back to the States, to work in corporate headquarters as vice president of environmental services in the international division?" asked Tony. His co-worker, Jaime, replied, "Yes. Obviously those four years that Glenn has spent abroad, in our Paris and Tokyo offices, have served him well." Tony countered, "Well, he deserves the recognition and, frankly, our international division will benefit from Glenn's leadership. No doubt he has learned a great deal about living and doing business in other cultures." In leaving his culture and working in other cultures for a significant period of time, Glenn will bring ________ leadership to his organization.
A. bridge B. authentic C. lateral D. Level 5 E. servant