Which of the following are required to assess the current status of a project using the earned-value cost/schedule system?
A. BAC, EAC, and ETC
B. VAC, EAC, and BAC
C. TCPI, EV, and PV
D. CV, SV, and BAC
E. PV, EV, and AC
Answer: E
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Which of the following relationships between category of intangibles and amortization is false? Set Category Amortize I. Intangible assets with a finite life Yes II. Intangible assets with an indefinite life No III. Goodwill Yes IV. Internally developed unidentifiable intangibles No ? ?
A) Set I B) Set II C) Set III D) Set IV
The Superior Company acquired a building for $500,000. The building was appraised at a value of $575,000. The seller had paid $300,000 for the building 6 years ago. Which accounting principle would require Superior to record the building on its records at $500,000?
A. Monetary unit assumption. B. Revenue recognition principle. C. Measurement (Cost) principle. D. Business entity assumption. E. Going-concern assumption.
An inflation-indexed Treasury bond with a 5% coupon rate is issued at $1,000. If inflation in the year after issuance is 6%,
A) the new coupon rate will be 11%. B) the new redemption value is $1,060. C) the new redemption value is $1,100. D) the bond is redeemed and a new bond with a 6% coupon is issued.
The revenue curve shows the relationship between the sales price and quantity sold.
Answer the following statement true (T) or false (F)