According to the accounting concept of mutual recognition, companies are required to reconcile financial statements to local GAAP

A father conveyed the family home to his daughter by will as a pur autre vie estate for the life of her mother. If the daughter should die before the mother, who gains possession of the property?

A) The daughter's heirs B) The remainderman C) The mother D) The father's other children

A firm should compete with ________ competitors in order to sharpen its abilities. Succeeding against these competitors often provides greater returns

A) strong B) international C) weak D) distant E) smaller