Compare and contrast the characteristics of the CAP, APB, and FASB.
What will be an ideal response?
ANSWER:
The FASB is separate from the AICPA, while the CAP and the APB were part of the AICPA. FASB members are more independent since they are full-time employees of the FASB. CAP and APB members were also employed elsewhere, usually by a CPA firm. FASB members need not be a CPA. CAP and APB members were required to be CPAs. The FASB allows for a more extensive due process. The CAP engaged in little if any due process and the APB engaged in only very limited due process. The FASB succeeded in developing a conceptual framework, something the CAP did not attempt and the APB failed to accomplish. FASB also makes more extensive use of research than did its predecessors and has been more productive.
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Owners of Tri-States Industries, Ralph and Maureen, are sent a dividend check from the company. For this transaction, what is the effect on the accounting equation for Tri-States Industries?
a. Assets decrease and stockholders' equity decreases. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities increase and stockholders' equity decreases.
One risk of executing a store promotion that results in brand cannibalization is that the promotion could ______.
A. create inaccurate sales forecasts for both the promoted and cannibalized products. B. create inaccurate sales forecasts for the promoted product and none for the cannibalized products. C. increase the accuracy of the sales forecasts for both the promoted and cannibalized products. D. create accurate sales forecasts for the promoted product and none for the cannibalized products.
Identify the criteria on which the network types are categorized. Give an example of each category
What will be an ideal response?
Information technology plays an important role in each of the five drivers of sustainable supply chain management practice
Indicate whether the statement is true or false