An insider is liable for so-called short-swing profits only if she has used inside information
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FALSE
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Trade receivables are a sub classification of accounts receivable
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Accounting for prior service cost prospectively would violate the matching concept because all the services performed by the employees were completed in previous periods
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When a partner invests noncash assets in a partnership, the assets are recorded at the partner's book value
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When an employer breaches an employment contract, what obligation does the employee have
in seeking substitute employment? A) Because it was the employer who breached, the employee has no obligation to seek substitute employment. B) The employee is obligated to accept any employment for which the employee is qualified. C) The employee must accept any employment available with the same employer, but is not required to accept any substitute employment with a different employer. D) The employee is obligated to accept substitute employment only if it is comparable employment. E) The employee must accept any employment available with a different employer, but is not required to accept any substitute employment with the same employer.