If a Material Amount of Inventory Has Been Ordered Through

question 152

Multiple Choice

If a material amount of inventory has been ordered through a formal purchase contract at the statement of financial position date, for future delivery, at firm prices,

• A) this fact must be disclosed.
• B) disclosure is required only if prices have declined since the date of the order.
• C) disclosure is required only if prices have since risen substantially.
• D) an appropriation of retained earnings is necessary.

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Definitions:

Hostile Environment Harassment

Unwelcome behavior in a workplace or educational setting that makes the environment intimidating, hostile, or offensive for individuals.

Quid Pro Quo Harassment

involves a situation where job benefits are conditioned on sexual favors, or employment decisions are based on an individual's submission to or rejection of such advances.

Benevolent Sexism

A form of sexism characterized by attitudes that idealize women for traditional qualities and roles, ostensibly "protecting" them, but ultimately serving to keep them in subordinate positions.

Hostile Sexism

A form of sexism that involves antipathy or animosity toward women, often expressed through negative stereotypes and attitudes.