Which of the following is a counterbalancing error?

a. Understated depletion expense
b. Bond premium underamortized
c. Prepaid expense adjusted incorrectly
d. Overstated depreciation expenses


C

Business

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Which of the following best describes distributions from a traditional defined contribution plan?

A. Distributions from defined contribution plans are fully taxable to the recipient as long-term capital gains. B. Distributions from defined contribution plans are partially taxable to the recipient as capital gains and partially nontaxable as a return of capital. C. Distributions from defined contribution plans are partially taxable to the recipient as ordinary income and partially nontaxable as a return of capital. D. Distributions from defined contribution plans are fully taxable to the recipient as ordinary income.

Business

Interest revenue earned on held-to-maturity debt investments is reported on the income statement in the ________ section.

A) other income and expenses B) current assets C) operating income D) non controlling interest

Business

Smaller nations would like patent protection

A. extended, so that their profits can increase. B. extended, to allow for them to build their competitive advantage. C. extended, so that they can recoup development costs. D. reduced, so that they can enter the game earlier, possibly with generics.

Business

Which of the following is a true statement regarding « toolkits » and OD?

a. Seeking tools without knowledge about the OD process is likely to prevent OD success. b. OD toolkits can provide quick fixes to organizational problems. c. Practitioners can easily provide clients with what they want and need. d. Problems requiring OD often involve instrumented training or standard models.

Business