Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)Needles suggests that making judgments about what earnings management is becomes difficult because: rev: 04_13_2017_QC_CS-85546 a)It depends on management's intentions b)There is no clear limit

1)Needles suggests that making judgments about what earnings management is becomes difficult because:

rev: 04_13_2017_QC_CS-85546

a)It depends on management's intentions

b)There is no clear limit beyond which a choice is clearly unethical

c)A perfectly routine accounting estimate may be illegal and unethical

d)All of the above

2)Which of the following is NOT a qualitative factor when assessing materiality?

a)The potential effect of the misstatement on trends, especially trends in profitability

b)The use of simplistic numerical thresholds and rules of thumb

c)The existence of statutory or regulator reporting requirements that affect materiality thresholds

d)A misstatement that changes a loss into income or vice versa

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien

8th Canadian Edition

134453735, 9780134824680, 134824687, 9780134733081 , 978-0134453736

More Books

Students also viewed these Accounting questions