What does the acronym BRIC stand for?
a. Belgium, Romania, Iran, Cambodia
b. Bulgaria, Romania, Italy, Czech Republic
c. Brazil, Rwanda, Iraq, Canada
d. Brazil, Russia, India, China
d. Brazil, Russia, India, China
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In 2010, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years. It was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2014 that the useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for 2014 is
a. $11,636 b. $16,00 c. $11,00 d. $8,000
In calculating diluted earnings per share, which of the following should not be considered?
a. The weighted average number of common shares outstanding b. The amount of dividends declared on cumulative preferred shares c. The amount of cash dividends declared on common shares d. The number of common shares resulting from the assumed conversion of debentures outstanding
Which of the following cost flow assumptions will report ending inventory closest to current cost?
a. LIFO method b. FIFO method c. weighted-average method d. acquisition cost e. specific identification method
Describe Mintzberg’s perspective on the fundamentals of organizational forms composed of five essential parts.
What will be an ideal response?