The materiality of an item of financial information refers to the likelihood that its omission or misstatement would affect the decisions of those relying on that information and thus make differing choices if the information had been presented. This concept most closely relates to the
A) financial magnitude of the item
B) verifiability of the item
C) neutrality of the item
D) confirmatory value of the item
A
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During October, kiosk or "pop-up" stores often appear in many malls for the holiday season. Typically, these kiosks sell gift boxes of cheese, jewelry, and other items people think are appropriate seasonal gifts. In January, these "pop-up" retailers vanish. Is it possible for such a retailer to use relationship marketing? Explain your answer.
What will be an ideal response?
Which of the following statements is true of the registration requirements of the 1933 Act?
A. It requires the issuer of securities to register the securities with the Securities and Exchange Commission prior to their offer or sale to the public. B. The buyer of the securities must file a registration statement with the Securities and Exchange Commission. C. The registration statement should exclude the timing, manner, and content of offers and sales. D. Exempt securities need to be registered regardless of who sells the securities or how they are sold.
Which of the following is/are not true regarding repairs?
a. Repairs include routine costs such as for cleaning and adjusting. b. Repairs include the costs of restoring an asset's service potential after breakdowns or other damage. c. Repairs do not extend the estimated service life or increase its productive capacity of an asset beyond original expectations. d. U.S. GAAP and IFRS treat repair expenditures as expenses of the period when the firm makes the expenditure. e. Distinguishing repairs from maintenance is difficult but typically not necessary because expenditures for both are period expenses.
What are the four guiding principles of business market management?
What will be an ideal response?