One requirement related to fair value disclosure is that both the cost and the fair value of all instruments be reported in the notes of the financial statements

An accountant takes her client to a hockey game following a business meeting. Because it is a playoff game, and the tickets were purchased that day, a premium was paid. The deduction for the tickets is limited to 50% of the face value.

a. true b. false

Legal rules dictate how an employer must act from the time a job position is created until the time that position is eliminated

Indicate whether the statement is true or false