Why was accounting transparency an important issue in the P&G-BT swap controversy?
What will be an ideal response?
It is highly unlikely that investors could have gleaned any information about P&G's
off-balance sheet risks and returns from studying the company's annual reports. P&G's reporting system was nebulous and gave rise to questions as to whether similar calamities could happen in the future. The accounting profession (e.g., U.S. Financial Accounting Standards Board) and regulators (e.g., Securities and Exchange Commission) rose to the challenge and implemented accounting reforms to improve derivative accounting transparency.
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The reasons for ________ are to simplify the decision-making process, reduce errors, provide time savings, and avoid potential disagreements
A) leasing B) outsourcing C) prototyping D) sending out a request for a proposal
A competent media planner would look increasingly at network radio to:
A) double the amount of dollars spent so they reach $28 billion. B) extend reach to working men and light users of other media. C) build greater brand awareness through inexpensive additional frequency to prime target audiences. D) act as the primary vehicle for a campaign. E) extend reach to working women and light users of other media.