CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.
Mostly interested in 1-3 as this is the question to be answered for homework. Please provide research and references. Thank You
CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.
1. GAAP is the term used to indicate the whole body of FASB authoritative literature.
2. Any company claiming compliance with GAAP must comply with most standards and interpretations
but does not have to follow the disclosure requirements.
3. The primary governmental body that has influence over the FASB is the SEC.
4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.

Answer:

1. GAAP is the term used to indicate the whole body of FASB authoritative literature.

⇒ TRUE

2. Any company claiming compliance with GAAP must comply with most standards and interpretations  but does not have to follow the disclosure requirements.

⇒ FALSE

In order to comply with GAAP, companies must comply with all (not just most) the standards and interpretations. This includes all the disclosure requirements. You cannot simply choose which standards to follow and which not to follow.

3. The primary governmental body that has influence over the FASB is the SEC.

⇒ TRUE

4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.

⇒ FALSE

The second premise by which the FASB works states that it must operate through a due process system and their work must be available to the general public.

dia wants to improve her ____. her creative writing teacher suggest that she read genres of books that she usually finds dull​

A national survey of asthma conducted on May 1, 2012, obtained the following results for the state of Oklahoma: X = The number of residents with asthma Y = The population of the state on June 30, 2012, and all members of the population were considered at risk Z = The number of new cases of asthma diagnosed during 2012. The incidence rate of asthma during 2012 (per 100,000) would be expressed as:________
A. (X/Y) x 100,000.
B. (Z/X) x 100,000.
C. (Z/Y) x 100,000.
D. (X/Z) x 100,000.
E. None of these is correct.

Which term describes a situation in which one country can produce a product
at a lower opportunity cost than another country?
A. Deficit advantage
B. Comparative advantage
C. Absolute advantage
D. Surplus advantage

According to the video, what tasks commonly are performed by Cashiers? Check all that apply.

creating advertisements
receiving money
totaling bills
giving receipts
delivering products to customers’ homes
weighing produce and bulk food

David Blehert and his research team captured 117 healthy bats to study in the laboratory and divided them into four groups. Group 1 was housed in an area free from Geomyces destructans. Group 2 was housed in an area that shared the same air as bats infected with WNS, but these bats did not have direct contact with the infected bats. Group 3 was housed in direct contact with other bats infected with WNS. Bats in group 4 were directly exposed to Geomyces destructans when it was applied to their wings. During the study period the bats were monitored for signs of WNS. In this experiment, the independent was ________ and the dependent variable was ________.
a) the type of exposure to Geomyces destructans; whether the bats became sick with WNS.b) whether the bats became sick with WNS; the type of exposure to Geomyces destructans.c) whether the bats became sick with WNS; the number of bats included in the study.d) the number of bats included in the study; the type of exposure to Geomyces destructans.

As a business consultant, write a report to the chief executive of your own national airline discussing the process of outsourcing and recommending whether
all non-core activities should be outsourced

Wearing a seat belt, not texting when driving, and
driving carefully are all examples of...
insurance policies.
risk management strategies.
deductibles.
warranties.

hEY BRAINLY USERS IHAVE LITTLE FAVOR TOASK YOU GUYSI REALLY WANT TO BECOME THE FRIST GIRL AT MY SCHOOL TO BECOME A vice President of Academics BUT I DON'T KNOW HOW I WILL TELL THEM THAT I BE GOOD AS vice President of Academics SO CAN SOMEONE HELP ME PLZZZZZZZZZZ

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)


Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?




estimated payment



tax audit



tax deduction

working on a song for someone I used to love
I'll go through all of the realities to find you
(If I need you)
Just so I can hold your hand...
Even if they think it's fake...
I want you to understand
that there's a certain miss
and a certain love
and a heartache in my chest
every time i hear your name
and im still lying in my bed
without you....

What are examples of financial obstacles to a career plan? Check all that apply. I was unable to save enough money to pay for college. I lost interest in pursuing this career. I have a family member who was sick and needed my care. I was not accepted into the college of my choice. The bank did not approve my loan application to fund my new company. I applied for, but did not receive a college scholarship.

Read each question and choose the best answer. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case."—Robert G. Allen, financial writer This quotation reflects what principle of investing? A. Higher risk usually offers higher potential return. B. Higher risk usually offers lower potential return. C. Greater liquidity usually offers higher potential return. D. Greater liquidity usually offers lower potential return.

On November 1, 2018, Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61. The bonds carry a stated rate of interest of 10%, were purchased to yield 11%, pay interest semiannually on April 30 and October 31, were purchased to be held to maturity, and are due October 31, 2022. On November 1, 2019, in contemplation of a major acquisition, the bonds were sold for $700,000. Reid is on a fiscal year accounting period ending October 31 and uses the effective interest method.
Required:
Prepare journal entries to record the purchase of the bonds, the interest receipts on April 30, 2016, and October 31, 2016, and the sale of the bonds.
Prepare journal entries to record the purchase of the bonds, the interest receipts on April 30, 2016, and October 31, 2016, and the sale of the bonds. Additional Instructions
PAGE 1
GENERAL JOURNAL
DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT
1
2
3
4
5
6
7
8
9
10
11

Esperanza is starting a business by herself as an illustrator for magazines and children's books. She isn't concerned with personal liability, but she wants the business to be easy to set up.

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit $ 26 Variable expense per unit $ 15 Fixed expense per month $ 9,460 Unit sales per month 1,010 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.E. .1234 should be entered as 12.34).)

Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.

A registered representative is obligated to adhere to the prospectus delivery requirements of the Securities Act of 1933 when making a sale of A) a new issue of B-rated industrial revenue bonds to provide funding for a new facility for the Boomer Widgets Company. B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues. C) shares of the XYZ closed-end investment company, a fund whose shares trade on the Nasdaq Stock Market. D) shares of the LMN S

What are the goals of CRM and social media marketing

Joann wants to insert page numbers at the bottom of the pages of her document using the Field option in Quick Parts. Which options in the Field dialog box does she click to accomplish this task? Check all that apply. Footer under the All category Header under the Page category Page under the Numbering category PageNum under the Document Automation category NumPages under the Document Information category

Automated teller machine to provide all the following services except

Which career worker installs, maintains, and repairs equipment used for communication? Select all that apply.

Printing Technology
Printing Press Operator
Electronic Home Entertainment Equipment Installer
Journalism and Broadcasting
Telecommunications

most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests

The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United States include _____.

improved trade policies

increased domestic energy costs

cheaper labor

lower transport costs

HURRY !! The information given to you by your teachers is always accurate and should never be questioned.

TRUE or FALSE

Which career pathway is expected to have a growth rate that is average or below?
O Film Editing
O Visual Arts
O Telecommunications
O Television Announcing

Hey wassup I'm lowkey bored y'all wanna do sum?

The government should not worry about the environment. It has no business to worry about how people treat the pollution, waste, nature and land use, as all of these things are not necessary to help make a good economy.

True
False

Suppose that Italy and Austria both produce fish and shoes. Italy's opportunity cost of producing a pair of shoes is 5 pounds of fish while Austria's opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell thatItaly has a comparative advantage in the production of shoes andAustria has a comparative advantage in the production of fish. Suppose that Italy and Austria consider trading shoes and fish with each other. Italy can gain from specialization and trade as long as it receives more than5 pounds of fish for each pair of shoes it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than1/10 pair of shoes for each pound of fish it exports to Italy. Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Austria and Italy to gain from trade?
a. 9 pounds of fish per pound of cheese.
b. 18 pounds of fish per pound of cheese.
c. 3 pounds of fish per pound of cheese.
d. 1 pound of fish per pound of cheese.

The greater the magnitude of the external benefits of production, a. ​ The larger is the deadweight loss from underproduction. b. ​ The greater would be the optimal tax. c. ​ The less the private market solution would deviate from the socially efficient level of output. d. ​ All of the above are true.

Operating costs are the opposite of
utilities.
variable expenses.
fixed expenses.
capital expenditures