Which of the following is/are true regarding the "reliability" of a reported amount?
a. that the amount corresponds to what it purports to represent
b. is reasonably free from error and bias in the sense that multiple independent measurers would agree on the amount.
c. neither U.S. GAAP nor IFRS specifies what amount of reliability is "sufficient," suggesting that this judgment is context-specific and subjective, not quantifiable.
d. Answers a, b, and c are correct.
e. None of these answer choices is correct.
D
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A collateral contract involves:
A. two parties and two promises, both of which are conditional. B. three parties and two promises, both of which are conditional. C. two parties and three promises, one of which is conditional. D. three parties and two promises, one of which is conditional.
A ________ is the basic unit containing the elements of the population to be sampled
A) hypothesis B) theory C) sampling unit D) coefficient alpha E) household
Bankruptcy prediction research has identified three broad factors influencing long-term solvency risk, which of the following is not one of the factors?
a. Investment factors b. Financing factors c. Operating factors d. Credit factors
In a defined benefit plan, the employer is ultimately responsible for either contributing cash or obtaining a return on pension investments sufficient to pay promised amounts to retired employees
Indicate whether the statement is true or false