List five issues that are typically addressed in a company's accounting policy footnote
What will be an ideal response?
Answer: Correct answers include:
Revenue recognition
Receivables
Inventory valuation
Deferred taxes
Intangible assets
Warranty provisions
Contingent liabilities
Foreign exchange risks
Financial instruments
Long-term assets
Business combinations
Share-based compensation
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A distinguishing feature of a multinational corporation is that it
a. exports some of its products and services. b. pays comparable wages wherever it conducts business. c. has a culturally diverse group of executives. d. has units in two or more countries in addition to its own.
It is a requirement that most real estate records be kept for a period of three years, commencing from the date:
A: That a property is first placed on the market; B: Of the listing agreement, if the sale is not consummated; C: That a sale transaction closes; D: Either "B" or "C" above.