A company changes from capitalizing and amortizing preproduction costs to recording them as an expense when incurred, because future benefits associated with those costs have become doubtful. This accounting change should be recognized as a
A) change in accounting estimate.
B) change in accounting principle.
C) change in reporting entity.
D) correction of an error.
A
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A database administrator is responsible for the receipt, storage, retrieval, and custody of data files
Indicate whether the statement is true or false
What is the objective of SAS 99?
When the auditor used the audit procedure vouching she is primarily concerned with which of the following assertions?
a. Completeness. b. Existence. c. Authorization. d. Classification.
Mondelez marketers want to know why sales of its new ruby chocolate product is soaring in one country but not in another. After extensive research, Mondelez marketers believe the answer lies in demographic and cultural differences among the populations. They conduct in-depth research that asks consumers in each country about their ages, occupations, eating habits, as well as how often they purchase its chocolate bars. They use statistical analysis and predictive tools to come up with strong conclusions. Although Mondelez researchers are fairly certain about their research, they realize that it is still limited in providing evidence to definitively link demographic and cultural differences to being the cause of why sales differ so significantly among the two countries. Mondelez has most
likely conducted _________________ research. A. exploratory B. descriptive C. focus-group D. experimental E. observational