One Benefit of Using Text or Instant Messaging on the Job

question 29

True/False

One benefit of using text or instant messaging on the job is that these messages cannot be used as evidence in lawsuits.

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Definitions:

Consolidation

The process of combining the financial statements of separate subsidiaries, divisions, or entities under a single parent company to produce a unified set of financial statements.

Gain on Bargain Purchase

The excess of the fair value of the net assets acquired over the consideration paid in a business combination.

Financial Statements

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Single Cash-generating Unit

The smallest identifiable group of assets that generates cash flows independently from other assets or groups of assets within an organization.