Firms' choices and estimates within U.S. GAAP or IFRS should be determined by all of the following except:
a. firms' underlying economic circumstances.
b. conditions in the company's industry.
c. the company's competitive strategy.
d. accelerated management efforts to meet earnings projections.
D
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Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products." Peter Austin is extremely successful and the major reason for his success is the way he handles objections. He believes that effectively handling objections is the key to success in
a sales profession. Today he is calling the CEO of Diamonite to make an important sales presentation. Austin is confident of handling the objections as he has prepared for the call.During the sales presentation, the CEO announced, "I think the prices for your individual hampers are too high." Austin replied, "Give me a minute and I'll show you how spending a relatively small amount of money can really impress your customers." Austin: A. postponed the handling of the objection. B. used the showmanship method of dealing with objections. C. ignored the objection. D. used empathetic denial to handle the objection. E. avoided the use of forestalling.
Ricardo is a shareholder of Speedy Bikes Company (SBC). When the directors fail to undertake an action to redress a wrong suffered by SBC, Ricardo files a suit on the firm's behalf. Any damages recovered by Ricardo's suit will normally go to
a. Ricardo. b. SBC. c. SBC's directors. d. the state in which SBC is incorporated.
The net present value (NPV) method evaluates an investment by calculating the present values of all after-tax total cash flows and then subtracting the original investment amount from their total
Indicate whether the statement is true or false
Which of the following statements about the ownership of a life insurance policy is (are) true?
I. Under the ownership clause, the policyholder and beneficiary equally share all contractual rights in the policy while the insured is living. II. The policyholder can designate a new owner by filing an appropriate form with the insurance company. A) I only B) II only C) both I and II D) neither I nor II