In deciding how to recognize prior period cost, accounting regulators opted to recognize the liability and reduce other comprehensive income, then amortize the prior service cost as a component of pension expense. The liability is reduced and other comprehensive income is increased as the prior service amount is amortized. This method was chosen in response to constituent arguments even though it
violates the matching concept .
Indicate whether the statement is true or false
True
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Information bias and distortion may hinder judgment and catch the negotiator in a decision trap of frame blindness, which involves failing to test different frames to determine if they fit the issues being discussed.
Answer the following statement true (T) or false (F)
There are three types of product-team structures. These are ________
A) vertical, triangular, and horizontal product teams B) vertical, horizontal, and circular product teams C) horizontal, vertical, and rectangular product teams D) horizontal, vertical, and flattened product teams E) vertical, rectangular, and circular product teams
A company had net income of $230,000. Depreciation expense is $26,000. During the year Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. Using the indirect method, what is the amount of net cash flows from operating activities on
the statement of cash flows? A) $196,000 B) $202,000 C) $276,000 D) $288,000
Charlie, a resident of Colorado, made a purchase on the website of the online megastore, Emerold, Inc The product delivered to Charlie's residence in Colorado was damaged and Emerold, Inc refused to replace it
The headquarters of Emerold, Inc is located in New York, but the product was shipped from a warehouse in Kansas. In this scenario, which of the following statements is true? A) Only the Kansas state court has jurisdiction to try Emerold, Inc. as the defective product was shipped from Kansas. B) A federal court has to hear this case, as it has exclusive jurisdiction on this subject matter. C) If the warehouse superintendent in Kansas is served, Emerold, Inc. as a corporation has been served. D) If online transactions are considered as sufficient points of contact, a Colorado state court has in personam jurisdiction over Emerold, Inc.