Which of the following is subject to fair value assessment?
a. Marketable securities.
b. Inventory.
c. Property that will be sold.
d. All of the above could require fair value adjustments.
d
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Making an adjustments on the work sheet has no direct effect on the actual accounts in the general ledger
Indicate whether the statement is true or false
To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ___ approach to deciding ethical dilemmas.
A. individual B. majority C. utilitarian D. justice E. moral-rights
______ organizations tend to believe that their values and culture are superior to others and choose to staff international facilities with home-country managers.
A. Ethnocentric B. Geocentric C. Polycentric D. Expatriate
Amortizing a bond premium will ________ the premium balance and ________ the carrying value of the bond so that when the bond matures the carrying value will ________ the face value.
A. decrease? decrease? equal B. decrease? increase? equal C. increase? decrease? be greater than D. decrease? increase? be greater than