Which of the following best represents a characteristic of managerial accounting?
A. Information is characterized by reliability and objectivity.
B. Information is historically based and reported annually.
C. Information is based on estimates and is bounded by relevance and timeliness.
D. Information is regulated by the Securities and Exchange Commission.
Answer: C
You might also like to view...
Briefly explain the four major pitfalls, or hazards, an entrepreneur should avoid when using a social media plan.
What will be an ideal response?
Which of the following is not true about resale restrictions under the Securities Act of 1933?
A) Securities sold pursuant to the private placement or small offering exemption must be held for one year from the date when the securities are last sold to the issuer. B) Generally, all restrictions are lifted after two years. C) Securities sold pursuant to an interstate offering exemption cannot be sold to nonresidents for a period of nine months following the sale. D) Interstate small offering sales are restricted securities.
We report the purchase of stock in another corporation as a cash outflow from investing activities.
Answer the following statement true (T) or false (F)
Specific performance is an equitable remedy requiring a party to pay the non-breaching party a specified sum of money for breach of contract
Indicate whether the statement is true or false