Under U.S. GAAP and IFRS reporting standards, management assesses the firm's assets for impairment at each reporting date by determining if impairment indicators are present. Impairment indicators do not include
a. the decline in the market value of an asset significantly beyond what would be expected because of use or the passage of time.
b. significant adverse changes in the entity's technological environment.
c. significant adverse changes in the entity's economic environment.
d. significant adverse changes in the entity's legal environment.
e. significant adverse changes in the entity's Chief Executive Officer's health.
E
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The theoretical PE model does not work when the growth rate in ____________________ exceeds the cost of equity capital
Fill in the blank(s) with correct word
If a company produces three products and production capacity is unlimited, If it can sell only 3,000 of each product, the company should produce the product that has the highest
a. contribution per hour of machine time. b. sales price per unit. c. contribution per unit. d. gross margin per unit.
Form 4868, a six-month extension of time to file, allows a taxpayer to
A. extend the filing date only at the discretion of the IRS. B. extend the filing date of the return as well as payment of the tax due. C. extend the filing date of the return but the estimated amount of tax due must still be paid by the original due date of the return. D. avoid interest on underpayment of taxes due.
Adverse selection occurs
A) when an insurance company loses money on its investments. B) when insurance purchasers buy insurance but do not have a loss. C) when catastrophic losses occur as a result of a natural disaster. D) when applicants with a higher-than-average chance of loss seek insurance at standard rates.