When an intangible asset becomes worthless,
A) it should remain on the books at its existing carrying value.
B) its remaining carrying value should be written off immediately as a loss.
C) prior years' accounting records should be adjusted retroactively.
D) its remaining carrying value should be amortized over 20 years.
B
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Companies experiencing seasonal variations in sales often choose a fiscal year corresponding to their ________ year.
Fill in the blank(s) with the appropriate word(s).
Which item below is not used to determine interest on a consumer loan?
A) Simple interest B) Discount method C) Accelerated basis D) Add-on method
Messages that refuse a favor, an action, or a donation require:
a. the inductive writing approach. b. the deductive writing approach. c. the positive writing approach. d. the negative writing approach.
Emil wants to initiate a suit against Fast Credit Company by filing a complaint. The complaint should include
A. an explanation of the proof to be offered at trial. B. a motion for judgment n.o.v. C. a motion for judgment on the pleadings. D. a statement alleging the facts showing the court has jurisdiction.