U.S. GAAP and IFRS require firms in some instances to change the carrying value of certain assets and liabilities. Both sets of accounting standards preclude the recognition of these changes in net income, and therefore in retained earnings

Members of which of the following generational groups grew up with DVDs, TiVo, satellite radio, iPods, smart phones, Facebook, and Twitter?

A) Traditionalists B) Boomers C) Gen Xers D) Gen Yers E) Millennials

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