According to U.S. GAAP, which of the following provides the most reliable measure for fair value measurement?
a. Observable market data serving as inputs into estimates into present value-based measurements such as foreign exchange rates.
b. Quoted market prices of identical assets or liabilities in inactive markets
c. Observable quoted market prices in active markets for identical assets or liabilities
d. Unobservable inputs used by the reporting entity when modeling how the market would determine the fair value of the asset or liability in question
C
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Prepare a perpetual inventory record, using the weighted-average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)
Third Avenue Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, the company purchased and sold merchandise on account as follows:
Greta is trying to understand why her assistant, Rod, was late to work this morning. She’s trying to figure out if he came in late intentionally or if some situation beyond his control caused him to be late. Greta is engaged in the ______ process.
a. perception b. stereotyping c. attribution d. selection
Any ethical apology begins with ______.
A. expression of regret for the harm caused B. an explanation for the problematic behavior C. acknowledgement that an offense has occurred D. an effort to repair the damage
In attempting to understand how cultural values influence human relations on the job, the most important factor is the
A) cultural value profile of that individual's country. B) individual's age. C) individual's value profile. D) level of job satisfaction and happiness.