The act of organizations voluntarily donating some of their profits or resources to charitable causes is referred to as
A. corporate philanthropy.
B. corporate volunteerism.
C. stakeholder responsibility.
D. philanthropic marketing.
E. ethical marketing.
Answer: A
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On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 3 under straight-line depreciation?
a. $3,000 b. $2,400 c. $7,200 d. $9,000
The inventory write-down rule under IAS 2 can best be labeled
a. lower of cost or market. b. lower of cost or net realizable value. c. lower of net realizable value or market d. lower of ceiling or floor.
The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:
A. FIFO. B. LIFO. C. Weighted average. D. Specific identification. E. Lower of cost or market.
What are common descriptors of the phase after the change?
a. Feeling of guilt and alienation b. Achieving closure, adaption, and openness to the new reality c. Shock and numbness d. Happiness, gratefulness, and excitement