At the CMMI Level 1, an organization focuses on continuous process improvement

Indicate whether the statement is true or false


FALSE

Business

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A change from an accelerated depreciation method to the straight-line depreciation method should be accounted for as a

a. change in accounting estimate. b. change in accounting estimate effected by a change in accounting principle. c. correction of an error. d. a prior period adjustment.

Business

Polaris Industries is forecasting its financial statements for Year 10. Selected financial information for Year 9 is provided in the table. What is the forecasted balance of cash in Year 10? (Cash is the plug account

) Use the percentage of sales method to calculate accounts receivable for year 10 (based on the Year 9 values). Selected Financial Information Polaris Industries Inc ($000s) Year 9 Forecast Revenue $2,084,194 $2,292,614 Current Assets Cash $ 19,675 Accounts Receivable 354,313 Total current assets 373,988 Net property and equipment 300,000 300,000 Goodwill 172,632 172,632 Total Assets $846,620 LIABILITIES & OWNERS' EQUITY Total Liabilities $446,053 $494,047 Total owners' equity 400,567 455,337 Total Liabilities & Owners' Equity $846,620 $949,384 A) $80,300 B) $85,343 C) $87,008 D) $89,078 E) $90,731

Business

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

1. A federal statute does authorize federal agencies to allow nonlawyers to represent others appearing before those agencies. 2. Because of the federal statute that authorizes federal agencies to allow nonlawyer representation, all agencies allow a nonlawyer to represent another person, provided the person being represented has requested in writing that the nonlawyer be their representative. 3. Even where state statutes authorize nonlawyer representation in administrative agencies, /;courts can still declare that such statutes are unconstitutional. 4. All jurisdictions prohibit paralegals from providing paralegal-type services directly to the public, although some jurisdictions allow nonlawyers to sell forms to the public. 5. Paralegals working as independent contractors to lawyers would not be engaged in the unauthorized practice of law if their performance was being adequately supervised by the lawyers who hired them, regardless of where the legal assistants’ work was being performed.

Business

What is the minimum age requirement for creating a valid will?

A)?18 B)21? C)?25 D)?Married or 18

Business