An organization is only responsible for the impact of its behavior on its own financial health and its employees
Indicate whether the statement is true or false
false
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The original depreciation or amortization schedule for long-lived assets sometimes requires changing. Which of the following is/are not true?
a. Each period a firm must evaluate its estimates of service life and assess if these estimates require changing in light of new information. b. Each period a firm must evaluate its estimates of salvage value and assess if these estimates require changing in light of new information. c. The firm makes no adjustment for the inaccurate estimates but spreads the remaining carrying value less the new estimate of salvage value over the new estimate of the remaining service life of the asset. d. If changing from the old estimates to the new estimates would have a material impact, the firm must change the depreciation or amortization schedule retroactively. e. none of the above
In the job order system, the finished goods account is the controlling account for the factory overhead ledger
Indicate whether the statement is true or false
The average life expectancy of computers produced by Ahmadi, Inc. is 6 years with a standard deviation of 10 months. Assume that the lives of computers are normally distributed. Suggestion: For this problem, convert ALL of the units to months.
?
a.What is the probability that a randomly selected computer will have a life expectancy of at least 7 years?b.Computers that fail in less than 5 
years will be replaced free of charge. What percentage of computers are expected to be replaced free of charge?c.What are the minimum and the maximum life expectancy of the middle 95% of the computers' lives? Give your answers in months and do not round your answers.d.The company is expecting that only 104 of this year's production will fail in less than 3 years and 8 months. How many computers were produced this year?
What will be an ideal response?
Contractual incapacity excuses a minor from an obligation to pay for necessaries
a. True b. False Indicate whether the statement is true or false