Accounting information should make a difference to the outcome of a decision, according to the qualitative characteristic of
a. reliability.
b. relevance.
c. understandability.
d. verifiability.
B
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Regardless of the depreciation method, the amount that will be depreciated during the life of the asset will be the same
Indicate whether the statement is true or false
The impact of blocked funds includes
A. being unable to continue business in the blocked currency. B. refusing to source in economies with blocked currencies. C. exploration of transfer pricing options. D. maximizing the holdings of blocked currencies.
Which of the following would offset your tax liability in a direct dollar for dollar manner and may actually increase your tax refund beyond the amount paid during the tax year?
A) Tax exemption B) Tax deduction C) Tax credit D) Tax adjustment
Jason purchased ABC stock at $40 per share and DEF stock at $35 per share on the same day in 2015
Exactly 6 months later, the ABC stock is worth $42.00 per share and has not paid a dividend while the DEF stock is worth $36 per share and has paid 2 quarterly dividends of $0.50 each. The holding period returns are A) ABC, $2.00 and DEF $2.00. B) ABC 5% and DEF 2.9%. C) ABC 5% and DEF 5.7%. D) The holding period return cannot be determined because we do not know the discount rate.