Which of the following statements is not true with regard to the benefits derived from the FASB's conceptual framework of accounting?
A) It serves as a guide in establishing standards for the FASB.
B) The Statements of Financial Accounting Concepts is the primary source of GAAP for accountants.
C) It establishes the objectives of financial reporting.
D) It enhances comparability between different company's financial statements.
B
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Angel Heating Co reported $27,000 of net income. The company uses the visual inspection method to complete the statement of cash flows. Additional information is listed below: Account Change Prepaid assets $400 increase Inventory 700 decrease Accounts payable 250 decrease Dividends payable 50 increase ? The net cash provided by operating activities was
A) $27,150. B) $27,050. C) $26,900. D) $26,850.
List the eight major human resource management discipline areas.
What will be an ideal response?
Jennifer can see that her leader sometimes directs the team and sometimes tries to build relationships with the group. She does not change her behaviors based on whom she is interacting with; Jennifer just can pick out when she uses these two different styles. Jennifer’s leader is using ______.
A. situational leadership B. path-goal leadership C. skills leadership D. behavioral leadership
People from Hong Kong and the People’s Republic of China tend to score higher on the Machiavellian scale. This may be related to:
a. the higher power distance in the Chinese culture b. the higher level of collectivism c. the low-context culture