A group of checkers at the grocery store or clerks at the post office are working separately to serve customers. This is an example of collaboration
Indicate whether the statement is true or false
FALSE
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U.S. GAAP requires firms to disclose which of the following information with respect to derivatives?
a. A description of the firm's risk management strategy and how particular derivatives help accomplish the firm's hedging objectives. b. For fair value and cash flow hedges, firms must disclose the net gain or loss recognized in earnings resulting from the hedge's ineffectiveness. c. For cash flow hedges, firms must describe the transactions or events that will result in reclassifying gains and losses from accumulated other comprehensive income to net income and the estimated amount of such reclassifications during the next 12 months. d. The net amount of gains and losses recognized in earnings because a hedged firm commitment no longer qualifies as a fair value hedge or a hedged forecasted transaction no longer qualifies as a cash flow hedge. e. all of the above
Before making a telephone call, you should be prepared to leave a voice mail message
Indicate whether the statement is true or false
Drew Cane Products, Inc., processes sugar cane in batches. The company buys a batch of sugar cane from farmers for $90 which is then crushed in the company's plant at a cost of $11. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $21 or processed further for $13 to make the end product industrial fiber that is sold for $45. The cane juice can be sold as is for $41 or processed further for $29 to make the end product molasses that is sold for $103. What is the financial advantage (disadvantage) for the company from processing one batch of sugar cane into the end products industrial fiber and molasses rather than not processing that batch at all?
A. ($143) B. $5 C. ($39) D. $44
Cash registers, time clocks and personal identification scanners are examples of technologies that can improve internal control.
Answer the following statement true (T) or false (F)