General principles are the basic assumptions, concepts, and guidelines for preparing financial statements. GAAP aims to make information relevant and representationally faithful.
Answer the following statement true (T) or false (F)
True
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Both liberals who believe that the ethical assessment of work should be based on how work affects the workers' ability to make free and autonomous decisions about their lives and the human fulfillment school that makes that judgment on the basis of what makes a good meaningful human life are saying essentially the same thing.
Answer the following statement true (T) or false (F)
Company A is developing a program logic model for its new employee orientation program, using Kellogg foundation’s program logic model categories (resources, activities, outputs, outcomes, and impact). Which one is most appropriate to be included in the outcomes category of the program logic model?
a. development of an instructor’s facilitation handbook b. the number of new employees who completed the program c. the new employees’ work morale d. scheduling the NEO program
Which of the following statements is (are) true regarding the results of the 2014 study by the Life Insurance Market Research Association (LIMRA) on the adequacy of life insurance owned by households in the United States?
I. The average household is adequately insured against the risk of premature death. II. The average household is significantly underinsured against the risk of premature death. A) I only B) II only C) both I and II D) neither I nor II
When Pheasant Corporation was formed under § 351, Kristen transferred property (basis of $26,000 and fair market value of $22,500) for § 1244 stock. Kristen's basis in the Pheasant stock is $26,000. Three years later, Pheasant Corporation goes bankrupt and its stock becomes worthless. Kristen, who is single, owned the stock as an investment. Kristen's loss is:
A. $26,000 capital. B. $22,500 ordinary and $3,500 capital. C. $3,500 ordinary and $22,500 capital. D. $26,000 ordinary. E. None of these.