Which of the following accounting changes is always accounted for prospectively?
A) change in accounting estimate
B) change in reporting entity
C) change in accounting principle
D) correction of an error
A
You might also like to view...
How will the payee of the promissory note record the note on its books?
A) The promissory note will be recorded as an asset B) The promissory note will be recorded as a liability C) The promissory note will be recorded as an equity D) The promissory note will be recorded as an expense
Short distribution channels are suited for geographically dispersed markets
Indicate whether the statement is true or false
Disparate-treatment discrimination occurs when a protected group of people is adversely affected by an employer's practices, procedures, or tests even though they do not appear to be discriminatory
Indicate whether the statement is true or false
Under the Americans with Disabilities Act, a person with a disabling illness A)is not considered disabled once the illness is being managed with medicines
B)is not considered disabled unless there is no known cure. C)is considered disabled, but only at times when hospitalization is required for treatment. D)is considered disabled, even if the illness is under control.