Justin's Posts on Facebook Provide Information That Establishes His Intent

question 38

Multiple Choice

Justin's posts on Facebook provide information that establishes his intent and what he knew at a particular time,indicating potential liability. For this and other reasons,social media posts are often

• A)included in discovery in litigation.
• B)used by law enforcement to detect and prosecute criminals.
• C)used by federal regulators in investigations into illegal activities.
• D)all of the choices.

Distinguish between the accounting treatments and financial reporting under US GAAP and IFRS, especially regarding cash flow reporting.

Learn about the components of a company's balance sheet (assets, liabilities, equity) and their definitions.

Analyze financial flexibility and liquidity measures and how they reflect a company's ability to meet its obligations and take advantage of investment opportunities.

Understand how depreciation affects cash flow from operations and its treatment in cash flow statements.

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Definitions:

Reaction Time

The amount of time taken to respond to a specific stimulus.

Catching

The action or skill of stopping and holding a moving object, such as a ball, with the hands or arms.

Baseball

A bat-and-ball game played between two opposing teams who take turns batting and fielding, popular especially in the United States.

Age

A measure of the amount of time an individual, object, or entity has existed, often used to indicate maturity, development, or life stages.