The _______ Resolution Considers What Would Happen If Everyone Made

question 35

Multiple Choice

The _______ resolution considers what would happen if everyone made the same decision as you.

• A)rules-based
• B)ends-based
• C)Golden Rule
• D)similarity-based

---

Definitions:

Reportable

Information or events significant enough to be disclosed in financial statements or to regulatory bodies.

Operating Segment

A component of a company that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.

Consolidated Assets

The total assets of a parent company and its subsidiaries, combined into one financial statement as if they were a single entity.

Asset Test

A measure of a company's liquidity, calculated by comparing its most liquid assets to its current liabilities.