One criticism not normally aimed at a balance sheet prepared using current accounting and reporting standards is

a. failure to reflect current value information.
b. the extensive use of separate classifications.
c. an extensive use of estimates.
d. failure to include items of financial value that cannot be recorded objectively.

Answer: b. the extensive use of separate classifications.

Business

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Rex Steelworks makes steel sheets which the firm markets and sells to companies all over the world. Which of the following marketing strategies is most suitable for Rex Steelworks?

A) one-to-one marketing B) undifferentiated marketing C) individual marketing D) local marketing E) trigger-based marketing

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Pension plans may provide immediate retirement benefits for disabled previous employees

Indicate whether the statement is true or false.

Business