A Change in Reporting Entity and a Material Error Correction

question 127

True/False

A change in reporting entity and a material error correction are both reported prospectively.

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Definitions:

Railway Labor Act

A U.S. federal law originally passed in 1926 that governs labor relations in the railway and airline industries.

Med-arb

A hybrid dispute resolution process combining mediation and arbitration where unresolved issues in the mediation phase are arbitrated.

Chilling Effect

A situation where speech or conduct is suppressed by fear of penalization at the interests of those who have the power to penalize.

Corporate Campaigns

Strategies employed by unions or activist groups targeting a company’s practices or policies in order to bring about change, often through public, media, and legal pressure.