Firms have considerable flexibility as to how they report other comprehensive income each period. Under U.S. GAAP, they can include
a. it with net income in a single statement of comprehensive income.
b. it in a separate statement of other comprehensive income that is one of the notes to the financial statements.
c. it in a statement of changes in shareholders' equity.
d. all of the above.
e. none of the above.
D
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Which of the following statements is true of the confidentiality clause?
A. It cannot be taken up in the court when there is misappropriation because it binds only private parties together. B. It restricts the licensor's right to disclose trade secrets after the licensing agreement has ended. C. During a licensing agreement, the licensor can be permitted to limit the number of people with whom the licensee may share the technology. D. Prior to licensing, it prohibits potential licensees to inspect the technology the licensor provides.
Advertising that contains an endorsement by a celebrity will not be deemed deceptive
Indicate whether the statement is true or false
Steve was involved in an auto accident. Both drivers were partially at fault for the accident. Steve's actual damages were $50,000. He was judged to be 60 percent at fault
If Steve's state has a pure comparative negligence law, how much will Steve collect? A) $0 B) $20,000 C) $30,000 D) $50,000
A random sample of 25 employees of a local company has been taken. A 95% confidence interval estimate for the mean systolic blood pressure for all employees of the company is 123 to 139 . Which of the following statements is valid? a. 95% of the sample of employees has a systolic blood pressure between 123 and 139
b. If the sampling procedure were repeated many times, 95% of the resulting confidence intervals would contain the population mean systolic blood pressure. c. 95% of the population of employees has a systolic blood pressure between 123 and 139. d. If the sampling procedure were repeated many times, 95% of the sample means would be between 123 and 139.