SFAS No. 123(R) results in greater international comparability in the accounting for share-based transactions

Indicate whether the statement is true or false

T

Business

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During the year ended December 31, 2015, Oakwood Rehabilitation Hospital spent $50,000 cash on medical supplies. Oakwood's income statement for the same years shows supplies expense for $35,000. Which of the following bases of accounting does Oakwood most likely use?

A. Cash basis accounting B. Partial cash basis accounting C. Modified generally accepted accounting principles D. Accrual basis accounting E. Cost accounting

Business

As international trade barriers come down and global markets expand, environmental issues are having ________ impact on international trade.

A) a neutral B) a uniform C) a decreased D) a greater E) a stabilizing

Business