Match each qualitative characteristic to one of the following statements.
(a) choose the qualitative characteristic accounting information should provide accurate expectations about future events.
(b) choose the qualitative characteristic accounting information cannot be selected, prepared, or presented to favor one set of interested users over another.
(c) choose the qualitative characteristic the quality of information that occurs when independent observers, using the same methods, obtain similar results.
(d) choose the qualitative characteristic accounting information must be available to decision-makers before it loses its capacity to influence their decisions.

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.

Adisadvantage of corporations is that shareholders have to pay on profits.