Which of the following is true when the estimate of an asset's useful life is changed?

A) The new estimate is ignored until the last year of the asset's life.
B) The depreciation expense in the prior year is restated.
C) Prior years' financial statements must be restated.
D) The asset's remaining depreciable book value will be spread over the asset's remaining life.


D

Business

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All of the following would appear on the statement of stockholders' equity except

A) declaration of cash dividends. B) an issuance of common stock. C) net income. D) declaration of a stock split.

Business

An organization's core values are the strong, enduring beliefs and principles that serve as a foundation for its corporate culture.

Answer the following statement true (T) or false (F)

Business

The fixed-period inventory model can have a stockout during the review period as well as during the lead time, which is why fixed-period systems require more safety stock than fixed-quantity systems

Indicate whether the statement is true or false

Business

During the initial stages of establishing a strategic CR program, the firm should look at how its _______________ in order to identify potential threats to the organization should its business be perceived to have a negative impact on the environment or society.

a. activities affect society b. activities will be perceived c. fiduciary responsibilities are established d. employees will contribute

Business