Which of the following would NOT be accounted for as a change in accounting principle?
a. Change from the first-in, first-out method to the last-in, first-out method of inventory pricing
b. Change from the last-in, first-out method to the first-in, first-out method of inventory pricing
c. Change from completed-contract accounting to percentage-of-completion
d. Change from straight-line method to accelerated method of depreciation
D
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One definition of earnings management is that it occurs when managers use
a. judgment in financial reporting to alter financial reports to mislead stakeholder. b. an accounting method that is inconsistent with other industry members. c. more conservative accounting estimates than other companies. d. pro forma accounting results as opposed to GAAP results.
Effective decision makers rely on criteria or standards known as ________ that are used in evaluating proposed solutions to a problem.
A. descriptive research B. problem definitions C. measures of success D. constraints E. marketing dashboards
Which of the following statements about Web searches is incorrect?
A. Googling a candidate’s name is becoming a standard practice in many modern companies B. Companies will most likely not complete a Web search on candidates C. Most legal opinions favor the employer concerning a “violation of privacy” from a Web search. D. Many of today’s companies are very technologically savvy. E. Nearly two thirds of businesses worldwide have some policies on social media use in the workplace.
The current ratio of a firm would equal its quick ratio whenever
A) the firm's current ratio is equal to one. B) the firm's inventory is equal to its current liabilities. C) the firm has no inventory. D) the firm's inventory is equal to its other current assets.