One of the six Cs of effective communication is complexity
Indicate whether the statement is true or false
FALSE
Effective business communication meets the test of the six Cs— clear, complete, concise,
consistent, correct, and courteous. Using the six Cs will make communication coherent and
easy to follow.
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All of the following are important provisions of the Sarbanes-Oxley Act except:
a. The establishment of a new Public Company Accounting Oversight Board. b. The requirement to prepare both FASB and IASB financial statements. c. A requirement that the external auditors report directly to the company's audit committee. d. A clause to prohibit public accounting firms that audit a company from providing any other services that could impair their ability to act independently in the course of their audit.
The presentation of the combination or "offsetting" of noncurrent deferred tax assets and liabilities is
A) not permitted by the FASB because of the separate identification principle. B) not permitted by the FASB because of the close relationship between deferred tax assets and liabilities. C) required by the FASB to avoid the detailed analysis necessary for more refined classification methods. D) required by the FASB because of the close relationship between deferred tax assets and liabilities.
Total variable costs change in proportion to changes in the volume of activity.
Answer the following statement true (T) or false (F)
Given a choice, it is generally better to use a credit card instead of a debit card
Indicate whether the statement is true or false.