According to GAAP, which is not a specific objective?
A) to provide information about an enterprise's cash flows
B) to provide information that is useful to present to potential investors, creditors, and other users in making rational investment, credit, and similar decisions
C) to provide information about an enterprise's comprehensive income and its components
D) to provide information about an enterprise's economic resources, obligations, and owners' equity
B
You might also like to view...
When is it appropriate to use jargon??
A) ?Only when speaking in formal settings B) ?Only when speaking to professionals in the same field C) ?Only when speaking in informal settings D) ?Only during international business communication
Which of the following completes the statement,’ ______ measures the ability of brands to fit into how consumers manage their social media-centric lives.’?
a. Social influence. b. Social currency. c. Status. d. Brand recognition. e. None of the above
To create a corporation:
a. articles of incorporation and an application must first be filed with the federal government b. the federal government issues a certificate of incorporation, which must be filed with an application to do business in the relevant states c. the incorporators must hold a public organization meeting, then file articles of incorporation d. the corporation's articles of incorporation are filed with the appropriate officer of the state e. none of the other choices
Which of the following is an example of chance variation in a process?
a. Two randomly selected boxes of cereal that don't weigh exactly 16 ounces (the labeled weight). b. Two randomly selected boxes of cereal that don't weigh exactly the same. c. Normal fluctuations in the process that randomly occur. d. None of these choices.