The Financial Accounting Standards Board is a privately funded organization with authority for establishing accounting standards for businesses in the US.
Answer the following statement true (T) or false (F)
True
This is true. The Financial Accounting Standards Board is charged with establishing accounting standards for US businesses. It is not an agency of the US government, but rather a privately funded organization.
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River Company wants to minimize the amount of time and effort its bookkeepers spend on calculating depreciation. Since River has not been profitable, taxes are not an issue, but maximizing the profit and minimizing reported losses are major concerns. Recommend a course of action for River. Support your recommendation
In ________ interviews, researchers stop people at a shopping mall or busy street corner and request an interview on the spot
A) intercept B) arranged C) group D) structured E) behavioral
Which of these statements is false?
a. Many companies will not clearly fit into any one industry. b. A financial service uses its best judgment as to which industry the firm best fits. c. The analysis of an entity's financial statements can be more meaningful if the results are compared with industry averages and with results of competitors. d. When using industry averages, it is often necessary to use an industry that the firm best fits. e. A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.
Samantha’s organization keeps a large amount of raw materials in stock to guard against market fluctuations. It appears the ________ dimension of cultural diversity is high at Samantha’s organization.
A. assertiveness B. power distance C. in-group collectivism D. uncertainty avoidance E. individualism