Which of the following statements regarding inflation and accounting is false?
a. The SEC requires U.S. companies to present supplemental financial information adjusted for the effects of inflation.
b. Instability of the measuring unit that is the currency occurs in countries with rampant inflation.
c. In some in Latin American and South American countries, companies have been required to
adjust their financial statements to take into account the effects of inflation.
d. The FASB developed rules for companies in the United States to use to adjust for inflation.
a
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A box-and-lines illustration showing the formal lines of authority and the organization's official positions or work specializations is known as an organization chart.
a. True b. False
Counter culture refers to the
a. Representations of the 1960's counter culture b. Representation of the Grunge movement in music c. Representations of resistance to mass or popular culture. d. Representations of acceptance of mass or popular culture.