Kevin Was a Participant in a Clinical Study to Determine

question 63

Multiple Choice

Kevin was a participant in a clinical study to determine how much niacin cures pellagra,the niacin deficiency disease.During the study,he consumed only a formula diet that was deficient in niacin.After developing pellagra,he was given 2 mg of niacin a day for 2 weeks,but he still suffered from the disease,so the scientists added 2 mg of the vitamin to Kevin's formula.By the beginning of the 5th week of the study,the researchers noticed that Kevin's signs and symptoms were greatly improved.At the end of the 5th week,he was feeling fine.The researchers concluded that

• A)Kevin's niacin requirement was about 4 mg a day.
• B)the RDA for niacin should be 4 mg.
• C)the AI for niacin should be 4 mg plus 60 mg as a margin of safety.
• D)Kevin's daily value for niacin was 4 mg a day.

Comprehend the closing process and its impact on company financial statements.

Appreciate the necessity and execution of adjusting entries for accurate financial reporting.

Identify the concept and implications of the time period assumption in accounting.

Understand the principles guiding revenue recognition and expense matching for reliable financial statements.

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Definitions:

Consent Order

A legal agreement approved by a court, usually resolving a dispute between parties without admission of guilt or liability.

Cease-And-Desist Order

A legal order issued by a governmental agency or court to halt a particular activity or practice deemed illegal or harmful.

Deceptive Omissions

Misleading practices involving the withholding of important information or details that could influence a consumer's purchasing decision.

Puffing Statements

Exaggerated or hyperbolic claims about a product or service, considered opinion rather than fact, and not legally binding.