Which of the following accounting changes is always accounted for prospectively?
A. change in accounting estimate
B. change in reporting entity
C. change in accounting principle
D. correction of an error
Answer: A
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Which of the following invests funds into a business and is considered an owner?
a. Bankers b. Creditors c. Stockholders d. Lenders
Jimmy stole Dave's motorcycle and completely revamped the engine and changed the body. These accessions were very expensive, but Jimmy was completely satisfied with the results, intending to sell the motorcycle for a huge profit. If the motorcycle is recovered from Jimmy, Dave must pay Jimmy for the improvements
a. True b. False Indicate whether the statement is true or false
Macy's, Kohl's, JCPenney, and Nordstrom are examples of
A. extreme value stores. B. department stores. C. discount stores. D. off-price retailers. E. category specialist stores.
Which of the following would help prevent marketing mistakes in evaluating international market opportunities?
A. Assume that all cultures around the world are the same B. Include local citizens in the evaluation process. C. Do not "think locally." D. Use machine translators. E. Save money by cutting research into foreign markets.