Which of the following best describes the Norwalk agreement?
a. AICPA and IASC form a new set of principles.
b. FASB and IASB commit to develop high quality compatible accounting standards.
c. FASB defines the use of other comprehensive reports by international companies.
d. FASB and SEC agree to create a new set of principles.
b
Business
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For trade secrets to be protected, a business owner is obligated to take all reasonable precautions
to prevent discovery of the trade secrets by others. Indicate whether the statement is true or false
Business
A person who shares in the estate of an intestate is called a(n)
a. heir. b. executor. c. beneficiary. d. residuary.
Business