Satisfying consumers' immediate needs and desires does not always serve the future best interests of either customers or the business

At the completion of a long project, Aileen givers her assistant a day off with pay to acknowledge all of his hard work. This is an example of ___________ power.

Fill in the blank(s) with the appropriate word(s).

Which of the following differs somewhat under IFRS compared to U.S. GAAP?

A. The trial balance B. name for the balance sheet. C. Definitions of assets and liabilities D. The double-entry accounting system