Answer the following statements true (T) or false (F)
FASB statements have resulted in a more conservative balance sheet and immediate recognition of events on the income statement.
ANSWER: T
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Competitive advertising may impair the effectiveness of the message due to the fact that it may:
A) not reach the intended recipient. B) reach the intended recipient but is misunderstood. C) reach the intended recipient and is understood, but the recipient may fail to take action. D) get distorted by noise. E) only be in one language.
The first phase of the writing process involves analyzing the audience and your purpose for writing, anticipating your audience's reaction to your message, and A) investigating background information
B) composing your message. C) adapting your message to the audience. D) looking for previous company documents on the topic.
The Children's Online Privacy Protection Act prohibits Internet operators from collecting information from children under what age without parental permission?
A) 18 B) 16 C) 13 D) 10
Patty is a poor college student struggling to work and keep up with her studies. Fred, her uncle, promises to pay Patty support of $200 per month for the next six months. Although Fred didn't ask her to, she quits her current job in order to devote full time to her studies for the next six months. Fred makes one payment and then stops with no explanation. If Patty sues, what is the likely result?
A)Fred would win, as he did not ask Patty to quit her job. B)Patty would win, as a contract was formed when Fred promised to pay her the support. C)Fred would win, as family members cannot sue each other for breach of an oral promise. D)Patty may win under the doctrine of promissory estoppel.