GAAP states that a change in accounting principle includes

A) a change from one GAAP to another GAAP.
B) a change in accounting principle because the principle formerly used is no longer generally accepted.
C) a change in the method of applying an accounting principle.
D) all of these choices.


D

Business

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Return on investment is computed by dividing income by

a. contribution margin. b. inventory turnover. c. assets invested. d. long-term assets.

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A ________ is a product formula, pattern, design, compilation of data, customer list, or other covert business information.

A. copyright B. trade secret C. trademark D. patent

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If the SPI is .5, then the project is ahead of schedule

Indicate whether the statement is true or false

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