A Business Perspective Would Define Disability as Being Unable to Work.What

question 95

Multiple Choice

A business perspective would define disability as being unable to work.What would the definition be if it included a social component??

• A) the inability to perform tasks due to a physical or health condition
• B) stigma experienced by disabled persons
• C) the inability to perform tasks and the stigma or discrimination experienced
• D) physical limitations such as nearsightedness

Recognize the conditions under which the fair value option is selected for accounting investments.

Understand how accounting for trading securities differs from the accounting for available-for-sale securities.

Know how to recognize and measure unrealized and realized gains or losses on investments.

Comprehend the effects of investments on net income and shareholder's equity.

---

Definitions:

Basis

The amount paid for an asset, used to calculate gain or loss for tax purposes.

Form 1120

A tax form used by corporations in the United States to report their income, gains, losses, deductions, and credits to the IRS.

Fiscal Year

A fiscal year is a 12-month period used for accounting purposes and preparing financial statements, not always coinciding with the calendar year.

FMV

Fair Market Value, the price at which property would sell on the open market between a willing buyer and seller.