Which of the following qualitative characteristic of useful accounting information implies that only items that meet or exceed certain thresholds will affect decisions?
A) Conservatism
B) Materiality
C) Relevance
D) Comparability
B
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________ are items that focus organizational effort toward improving the organization's
competitive strength and its long-term market position. A) Objectives B) Competitive advantages C) Missions D) Operations
The following are good examples of outsourcing some value chain activities that were formerly performed in-house except
A. IBM performs information technology services for Colgate-Palmolive. B. Paychex performs HR services for Robert Half Financial & Accounting. C. Foxconn manufactures the iPad and iPhone for Apple Inc. D. Nordstrom retails certain products for Coach Inc. E. Luxottica manufactures glasses for Dolce & Gabbana.
The following standards of proof are listed from least demanding to most demanding:
a. clear and convincing; preponderance of the evidence; beyond a reasonable doubt b. preponderance of the evidence; beyond a reasonable doubt; clear and convincing c. preponderance of the evidence; clear and convincing; beyond a reasonable doubt d. beyond a reasonable doubt; clear and convincing; preponderance of the evidence e. clear and convincing; beyond a reasonable doubt; preponderance of the evidence
In achieving the benefits associated with a securitization, why is the special purpose vehicle important to the transaction?
What will be an ideal response?