Ratios of profits to sales and to identifiable assets can help to analyze profitability by segment

Indicate whether the statement is true or false


T

Business

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The Bronson Company changed its method of determining inventories from LIFO to FIFO. This change represents a

A) change in accounting estimate that should be treated prospectively. B) change in accounting principle that should be treated prospectively. C) change in accounting estimate for which the financial results of previous years are restated. D) change in accounting principle for which the financial statements of prior periods included for comparative purposes are restated.

Business

The consolidation method is used to account for long-term investments in equity securities with controlling influence. 

Answer the following statement true (T) or false (F)

Business

Marketers often have huge amounts of information about their customers. What ethical issue should marketers include in their decisions regarding how to use this information?

What will be an ideal response?

Business

Copyright law protects original works of authorship that are fixed in a tangible form of expression

Indicate whether the statement is true or false

Business