Which of the following is/are true regarding the balance sheet?
a. The balance sheet does not provide all the information an analyst wants or needs about a firm's resources and the claims on those resources.
b. Authoritative accounting guidance precludes the recognition of some resources on the balance sheet as assets and some obligations as liabilities
c. Amounts reported on the balance sheet for assets, liabilities, and shareholders' equity do not necessarily reflect current market conditions.
d. Astute analysts recognize the features of the balance sheet and adjust the reported numbers.
e. All of these answer choices are correct.
E
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Answer the following statements true (T) or false (F)
1. An investor owns a controlling interest when the investor has legal control over the investee company and generally owns more than 50% of the investee's voting stock. 2. A parent company is a company that is controlled by another corporation. 3. At the end of each accounting period, trading debt securities must be adjusted and reported at fair value. 4. The fair value of a trading debt security is the price that would be used if the company were to sell the investment on the market. 5. Companies make a year-end adjustment of the trading debt investment to bring the account to historical value.
Answer the following statements true (T) or false (F)
1. Two people can have the same experience, yet interpret the experience differently. This is one of the barriers to communication. 2. The majority of productive conversations take place offline. 3. Upward communication sends messages from the lower levels of the organizational hierarchy to the higher levels and downward communication sends messages from the upper levels of the organizational hierarchy to the lower levels. 4. Formal networks of communication can include grapevines and gossip chains. 5. In high-context cultures, “what you say is what you mean” and in low-context cultures, “what you say is not necessarily what you mean.”
Anecdotal evidence comes from ________
A) research papers published in the past B) online database and websites C) subjective reports and stories that people tell D) videos and photographs E) archived manuscripts and reports
Under the merchants' exception rule of the UCC, within a reasonable time of making an oral contract, if a merchant sends a written confirmation to another, and if the confirmation is definite enough to bind the sender herself, then the merchant who receives the confirmation will also be bound by it unless he objects in writing within
a. 3 days. b. 5 days. c. 10 days. d. 30 days.