Recent changes in the financial reporting environment include which of the following?
a. The adoption or planned adoption of IFRS, or standards based on IFRS, for financial reporting in over 100 countries.
b. The willingness of the Securities and Exchange Commission in the United States to permit non-U.S. firms that list and trade their securities in the United States to report using IFRS without a reconciliation to U.S. GAAP.
c. The requirement to measure certain assets and liabilities at fair value instead of acquisition cost, and in some cases, to include the changes in fair value in net income instead of other comprehensive income.
d. The codification of U.S. GAAP into a single body of literature.
e. all of the above
E
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Answer the following statement true (T) or false (F)
Subject lines for letters are increasingly using a capital ____________________
a. on every word in the line b. only on the initial word c. with an adjusted font size d. to indicate copy or original
Which instance below is not considered one of the occasions in which organizational culture can become dysfunctional and create hindrances as stated in the textbook?
a. Mergers and acquisitions b. Organizational diversity c. Organizational mission d. Organizational change
To prove strict liability a plaintiff must show that the defendant intended to inflict injury upon
the plaintiff. Indicate whether the statement is true or false