Accounting and Finance

discuss the greater fool theory basing your answer on accounting and finance

CHAPTER 2: PRINCIPLES OF ACCOUNTING AND FINANCIAL REPORTING FOR STATE AND LOCAL GOVERNMENTS OUTLINE Number Topic Type/Task Status (re: 17/e) Questions: 2-1 Communicating financial information Identify 9-1 2-2 Service activities categories Identify 2-1 2-3 Reporting objectives Compare 2-2 2-4 Modified accrual accounting Explain 2-3 2-5 Fund categories Identify 2-4 2-6 Purpose of funds Explain 2-5 2-7 Deferred inflows and outflows of resources Define 2-6 2-8 Expenses/Expenditure...

Chapter 2 Analyzing the External Environment of the Firm: Creating Competitive Advantages 2-2 Enhancing Awareness of the External Environment 2-3 The Role of Scanning, Monitoring, Competitive Intelligence, and Forecasting 2-4 SWOT Analysis 2-8 The General Environment 2-9 The Demographic Segment 2-9 The Sociocultural Segment 2-10 The Political/Legal Segment 2-11 The Technological Segment 2-12 The Economic Segment 2-13 The Global Segment 2-13 Relationships among...

True / False 1. Under the Federal income tax formula for individuals, a choice must be made between claiming deductions for AGI and itemized deductions. a. True b. False ANSWER: False 2. Under the Federal income tax formula for individuals, the determination of adjusted gross income (AGI) precedes that of taxable income (TI). a. True b. False ANSWER: True 3. Under the income tax formula, a taxpayer must choose between deductions for AGI and the standard deducti...

1. Noncash items received as income must be included in income at their fair market value. a. True b. False ANSWER: True 2. Awards, bonuses, and gifts are all included in gross income. a. True b. False ANSWER: False 3. Disability benefits are generally taxable to the individual receiving the amounts. a. True b. False ANSWER: False 4. Which of the following must be included in the gross income of the recipient? a. Child support payments b. W...