Which of the following statements is not true regarding the Trueblood Committee?
a. It was formed at a time when the APB was under heavy criticism.
b. It was formed when very little progress was being made in terms of reformulating the structure of accounting theory.
c. It was charged with using APB Statement 4 as a vehicle for refining the objective of financial statements.
d. It enumerated a total of twelve objectives of financial accounting.
ANSWER: B
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In a Pepsi project the researcher is interested in examining the effect of humor and the effect of various levels of brand information on advertising effectiveness. Three levels of humor (no humor, some humor, and high humor) are to be examined
Likewise, brand information is to be manipulated at three levels (low, medium, and high). The resulting table would be three rows (levels of information) by three columns (levels of humor), producing nine possible combinations or cells. The respondents would be randomly assigned to one of the nine cells. Respondents in each cell would receive a specific treatment combination. After exposure to a treatment combination, measures would be obtained on attitudes toward Pepsi advertising, brand, and the celebrity from respondents in each cell. To which category of design does this fall into? A) statistical regression design B) recombinant design C) static group design D) one-shot case study E) factorial design
Which of the following is an example of a specific term qualifying general term?
A) Currency referred to as bank transfer B) Pounds referred to as length C) Bills referred to as papers D) Dollars referred to as Australian dollars
Discuss the meaning of "material fact" in fraud situations
Middleton Company uses the perpetual inventory system. The company purchased an item of inventory for $130 and sold the item to a customer for $200. How will the sale affect the company's Inventory account?
A. The Inventory account will decrease by $200. B. The Inventory account will decrease by $70. C. The Inventory account will not change. D. The Inventory account will decrease by $130.