Line personnel give assistance to staff employees
Indicate whether the statement is true or false
F
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Termination can result in legal expenses
Indicate whether the statement is true or false
Lilly Company has been depreciating equipment for 10 years with an estimated total useful life of 25 years. Lilly has revised the estimated life to be only 17 years, with 7 years remaining in the asset's useful life. What is the appropriate action that Lilly should do now?
A) record a change in estimate by recomputing depreciation of prior periods and restating prior period financial results accordingly B) record a change in estimate by recomputing depreciation of prior periods and presenting the net depreciation adjustment as a cumulative effect change in accounting principle in the current period C) continue to depreciate the equipment over the original 25-year life D) depreciate the remaining book value over the remaining 7 years of the asset's useful life
Punctuate the sentence correctly. Turn left at the next stoplight
Which of the following statements is true?
A. The entrepreneur issuing the private offering is spared the burden of proving that the exemptions granted have been met. B. Rule 506 provides the first exemption to a company seeking to raise a small amount of capital from numerous investors. C. Rule 505 permits the sale of $10 million of unregistered securities in the private offering in any 12-month period. D. Rule 504 and 505 permit no general advertising or solicitation through public media.