When a country's currency fluctuates drastically, a company with productive capacity in other locations can maintain its competitive advantage by shifting production
Indicate whether the statement is true or false
TRUE
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Fox Auto sold merchandise to a customer for $3,000 on credit on March 10 . The customer paid Fox Auto the amount due on March 31 . Under the accrual basis of accounting, which of the following statements is true?
a. Fox Auto will recognize the revenue on March 31. b. The March 10th transaction increases revenue, but has no effect on assets because cash has not been received. c. Revenue is recognized after the cost of the merchandise sold has been paid by Fox Auto. d. The March 31st transaction has no effect on total assets under the accrual basis.
What is the relationship between the Securities and Exchange Commission and accounting standard setting in the United States?
A) The SEC requires all companies listed on an exchange to submit their financial statements to the SEC. B) The SEC coordinates with the FASB in establishing accounting standards. C) The SEC has a mandate to establish accounting standards for corporations listed in the U.S. capital markets. D) The SEC reviews financial statements for compliance with U.S. GAAP or IFRS.
_____ a computer means using some or all of the resources of a computer linked to a public network without the consent of its owner.
A. Hijacking B. Bit flipping C. Phishing D. Auditing
Which of the following is recommended advice when writing an appreciation message?
a. Time the message to arrive two to three weeks following the action or event. b. Use slight overstatements to communicate your favorable attitude. c. Avoid specific remarks about the receiver's performance or achievement. d. Consider sending a copy of the appreciation message to the individual's supervisor.