The financial statements include a separate statement of changes in equity. This statement should
a. Not be identified in the introductory paragraph but should be reported on separately in the opinion paragraph
b. Be excluded from both the introductory and opinion paragraphs
c. Be identified in the introductory paragraph of the report but need not be reported on separately in the opinion paragraph
d. Be identified in the introductory paragraph of the report and must be reported on separately in the opinion paragraph
Ans: c. Be identified in the introductory paragraph of the report but need not be reported on separately in the opinion paragraph
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Which of the following statements related to marriage and family systems is incorrect?
a. The word family has different connotations in different cultures. b. The concept of family in the United States includes second- and third-generation relationships. c. In Israel, many children are reared and taught communally. d. Family affiliation is extremely important in Italy.
The International Monetary Fund has been criticized for:
A. its lack of a "one-size-fits-all" approach to macroeconomic policy. B. encouraging moral hazard among banks. C. its lack of power and authority. D. using external experts to gain knowledge about a country. E. keeping its operations open to outside scrutiny.