A change in accounting principle from one that is not generally accepted to one that is generally accepted should be treated as
A) an error and corrected by prior period adjustment.
B) a change in accounting principle and the cumulative effect included in net income.
C) a change in accounting principle and prior period financial statements are restated.
D) a change in accounting principle and adjustments made prospectively.
A
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Flake Company accepted a check from Ramos Company as payment for services rendered by Flake Company. Later Flake's bank statement revealed that Ramos' check was an NSF check. Recognizing the NSF check on Flake's books would act to:
a. Decrease total assets b. Decrease total owners' equity c. Both a. and b. d. Have no effect on Total Assets
Which of the following information do you present with a Gantt chart? Select all that apply.
a. a list of tasks to be completed b. the level of project feasibility c. the duration (e.g., number of days) for each task d. the amount of budget to be spent for each task
Why do so many products fail to make it past the introduction stage of the product life cycle?
What will be an ideal response?
In the partnering-style seller/buyer relationship, what is the foundation for creating value?
A) emotional intelligence B) communication skills C) customer-oriented strategies D) organizational policies E) ethical decision making