Provide a Brief Example to Illustrate That Externally Reported Financial

question 11

Essay

Provide a brief example to illustrate that externally reported financial accounting information must be based in part on estimates,judgments,and assumptions.

Recognize influential cultural artifacts and figures of the black power movement, such as the song "To Be Young, Gifted, and Black".

Understand key events and figures in the civil rights movement of the 1950s and 1960s.

Recognize the significance of landmark civil rights legislation and Supreme Court decisions.

Identify strategies and philosophies that shaped the civil rights movement.

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Definitions:

Decision

The act of making a choice among available alternatives.

Experiential System

A processing mechanism in the brain that is intuitive, automatic, and based on experiences, as opposed to analytical reasoning.

Cognitive System

encompasses the mental processes involved in perception, memory, judgment, and reasoning.

Mode of Thinking

The particular way or method in which thoughts are organized and processed.