Identify and briefly discuss the three approaches for determining fair value identified by the FASB
The FASB identifies three approaches to measuring fair value: (1 ) the market approach, (2 ) the income (or cash flow) approach, and (3 ) the cost approach. The market approach is useful when there is an active market in which quoted prices are available for the specific asset or liability. The income (or cash flow) approach converts expected future cash flows derived from an asset to a single present value. The cost approach is based on the amount that currently would be required to replace an asset with a comparable one.
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Which of the following is not true of a corporation?
a. It may enter into binding legal contracts in its own name. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may buy, own, and sell property.
No reader should ever have to guess what is original and what the writer is ______________
a. fabricating b. borrowing c. exaggerating d. assuming
A statistician employed by a consumer testing organization reports that, at 95% confidence, he has determined that the true average content of the Uncola soft drinks is between 11.7 to 12.3 ounces. He further reports that his sample revealed an average content of 12 ounces, but he forgot to report the size of the sample he had selected. Assuming the standard deviation of the population is 1.28, determine the size of the sample.
What will be an ideal response?
Which level often sees problems of confusion regarding which team performs which tasks during the postcombination phase of the merger and acquisition interventions?
a. Individual b. Team c. Cross-team/Department d. Organizationwide