FASB's concept of comprehensive income
a. excludes transactions that involve the payment of dividends.
b. requires that all transactions must be shown on the income statement.
c. has a primary drawback because it allows management to manipulate the income figure to a certain extent.
d. allows items that are not necessarily under management's control, such as natural disasters, to be shown as an adjustment of retained earnings.
a
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Which of the following are good examples of firms that follow the strategy of differentiation based on prestige or brand image?
A. 3M and Cirque du Soleil B. Lexus and President's Choice C. BMW, Roots, and Holt Renfrew D. North Face and Loblaws
Which two elements are required to find a defendant guilty of an intent crime?
A) criminal act and criminal intent B) victim and criminal intent C) criminal act and proof of gain D) motive and criminal intent
The first unit of a product took 80 work days. The learning curve is estimated to be 90%. The time for the fourth unit will be about ________ work days and the time for the first four units will be about ________ work days. (Use Table E.3)
A) 51; 250 B) 250; 51 C) 65; 285 D) 51; cannot be determined E) 65; cannot be determined
Discuss some of the information items normally included in a corporation's articles of incorporation.
What will be an ideal response?