During what period, those closest to the one who suffered the loss typically try to protect him/her by shielding him/her from feeling sad?
A. mourning
B. anger
C. denial
D. acceptance
A. mourning
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The amortization period for a patent is
A) indefinite; patents should be reviewed for impairment annually. B) 20 years. C) 20 years or the expected useful life of the patent, whichever is longer. D) 20 years or the expected useful life of the patent, whichever is shorter.
Zero, Inc purchased equipment at the beginning of 2011 for $200,000. Zero decided to depreciate the equipment over a 5-year period using the double-declining-balance method. Zero estimated the equipment's salvage value at $20,000. Which of the following statements is correct concerning Zero's financial statements at December 31, 2011?
A) The book value of the equipment is $120,000. B) The book value of the equipment is $80,000. C) The total accumulated depreciation is $90,000. D) Depreciation expense for 2011 is $72,000.
Mary Tappin, an assistant Vice President at Galaxy Toys, was disturbed to find on her desk a memo from her boss, Gary Resnick, to the controller of the company. The memo appears below:GALAXY TOYS INTERNAL MEMOSept 15To: Harry Wilson, ControllerFm: Gary Resnick, Executive Vice PresidentAs you know, we won't start recording many sales until October when stores start accepting shipments from us for the Christmas season. Meanwhile, we are producing flat-out and are building up our finished goods inventories so that we will be ready to ship next month.Unfortunately, we are in a bind right now since it looks like the net income for the quarter ending on Sept 30 is going to be pretty awful. This may get us in trouble with the bank since they always review the quarterly financial reports and may
call in our loan if they don't like what they see. Is there any possibility that we could change the classification of some of our period costs to product costs--such as the rent on the finished goods warehouse?Please let me know as soon as possible. The President is pushing for results.Mary didn't know what to do about the memo. It wasn't intended for her, but its contents were alarming.Required:a. Why has Gary Resnick suggested reclassifying some period costs as product costs?b. Why do you think Mary was alarmed about the memo? What will be an ideal response?
Some of the requirements for the error variable in a multiple regression model are that the standard deviation is a(n) ____________________ and the errors are ____________________
Fill in the blank(s) with correct word