The total cost of an asset less its accumulated depreciation is called:
A. Current (market) value.
B. Present value.
C. Book value.
D. Historical cost.
E. Replacement cost.
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)
1.Few relationships imply some degree of reward power. 2.Once we share a culture, we share similar meanings. 3.Parents communicate their attitudes and eventually we acquire and hold at least a number of them. 4.Our attitudes, values, and beliefs influence our communication. 5.When one has expert power, one can deliver negative consequences to another.
Assume a situation in which an attorney who provided significant litigation counsel to a client to refuses to furnish information requested in an audit. Which of the following descriptions best describes this situation from the auditor's perspective?
a. A departure from GAAP. b. A scope limitation. c. A violation of the attorney-client privilege. d. A contingent liability.
How difficult is it for a company to find out if an applicant has a criminal record?
a. Quite difficult; this information is protected for privacy reasons. b. Not difficult at all; the information is easily accessible on the Internet. c. Somewhat difficult; a company must pay substantial fees for a background check, which can be a burden on the hiring process. d. Quite difficult; those with a criminal history are considered a protected class.
Which of the following is defined as the ability to monitor one’s own and others’ feelings and emotions, to discriminate among them and to use this information to guide one’s thinking and actions?
A. cultural intelligence B. IQ C. emotional intelligence D. street smarts