For Each Independent Case Below: (1) Indicate Which Source Better

question 72

Essay

For each independent case below: (1) indicate which source better fulfills the indicated UMUC criterion for information evaluation AND (2) circle the phrase that led you to your decision.
a.Objectivity:
i.A Wall Street Journal article about financial statement fraud cases, written by an investigative reporter whose contact information is provided
ii.A presentation on financial statement fraud cases, given by an experienced independent consultant to prospective clients
b.Accuracy:
i.A web site that correctly defines six elements of financial statements from the FASB Conceptual Framework
ii.An article that accurately gives examples of four constraints from the FASB Conceptual Framework
c.Authority:
i.A presentation delivered by a retired IRS agent on tax fraud
ii.An attorney's web site recommending strategies for avoiding tax audits
d.Currency:
i.A web site last modified in 2010 that gives examples of internal controls for international companies
ii.A 2009 article in a practitioner journal that gives examples of how companies are implementing international financial reporting standards
e.Coverage:
i.An article titled "Elements of the Balance Sheet" that explains (only) the difference between current assets and plant assets
ii.An article titled "Emerging Technologies in Accounting" that briefly discusses three new technologies used by a single company

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Definitions:

Tectonic Activity

The movement and behavior of the Earth's lithosphere, including the processes of plate tectonics that lead to earthquakes, volcanic eruptions, and the creation of mountain ranges.

Continental Rifting

A tectonic process whereby the continental lithosphere stretches and breaks apart, leading to the formation of new ocean basins.

Passive Margin

The transition between oceanic and continental crust that is not an active plate boundary, typically characterized by a broad continental shelf and little seismic activity.

Island Arc

An island arc is a type of archipelago, composed predominantly of a series of volcanoes, which arcs roughly parallel to the boundary of oceanic tectonic plates that are being subducted beneath lighter continental plates.