The mandatory adoption of a new accounting principle as a result of a new FASB statement requires
A) footnote disclosure only.
B) a cumulative effect adjustment.
C) retrospective adjustment.
D) prospective restatement.
C
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A relationship in which one coworker formally outranks the other either by role or title is called ______.
a. boss–employee b. mentor–protege c. superior–subordinate d. senior–junior
If fixed costs are $350,000, the unit selling price is $29, and the unit variable costs are $20, what is the break-even sales (units) if the variable costs are decreased by $4?
A) 26,924 units B) 12,069 units C) 21,875 units D) 38,889 units
Cathy is an accountant with Discount Retail Corporation. Efrem buys Discount Retail stock and loses money on the investment. To recover from Cathy under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, Efrem must prove A) only the purchase and sale of a security
B) fraud, reliance, materiality, and lack of knowledge about securities. C) fraud, reliance, materiality, and incompetence. D) fraud, reliance, materiality, causation, and scienter.
An architectural framework that considers "data" and "functions" as two separate entities is compatible with UML and object-oriented technique
Indicate whether the statement is true or false