One of the Most Important Elements in a Good Employee

question 45

True/False

One of the most important elements in a good employee is his or her attitude.Firms should follow the adage: hire for attitude,train for skill.

Recognize the conditions under which the fair value option is selected for accounting investments.

Understand how accounting for trading securities differs from the accounting for available-for-sale securities.

Know how to recognize and measure unrealized and realized gains or losses on investments.

Comprehend the effects of investments on net income and shareholder's equity.

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Definitions:

Odometer

A gauge on the dashboard of a car that indicates the distance the car has traveled since it left the factory.

Odometer

A device used in vehicles to measure the distance traveled.

Miles Per Gallon

A measure of fuel efficiency in vehicles, indicating how many miles can be traveled on a single gallon of fuel.

Reimburse

To pay back or compensate someone for expenses they have incurred.