The write-off of the cost of a natural resource is called
a. depletion;
b. depreciation; c. amortization; d. deterioration; e. physical depreciation.
A
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According to the Myers-Briggs Type Indicator, individuals with a Feeling (F) preference try always to be objective in making decisions, whereas individuals with a Thinking (T) preference are more subjective.
Answer the following statement true (T) or false (F)
Net revenue divided by average net fixed assets is the calculation for which of the following ratios?
A. Fixed asset turnover B. Return on assets C. Current ratio D. Net profit margin
Earnings management through strategic matching is best exemplified by
a. changing the useful life of a depreciable asset. b. timing transactions such that large one-time gains and losses occur in the same quarter. c. changing the interest rate used in accounting for leases without describing the change in the notes to the financial statements. d. capitalizing as assets expenditures that have no future economic benefit.
Answer the following statements true (T) or false (F)
The AICPA has developed an electronic filing of financial data called EDGAR.