Workers' compensation provides employers with financial incentives to invest in safety in the workplace because:
a. insurance premiums are based on injury claims records
b. insurance companies fund safety evaluations on injury claims records
c. the federal government gives cash rewards for low injury claims numbers
d. the federal government gives tax breaks to companies with low injury claims numbers e. none of the other choices are correct
a
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Redeau Company has been depreciating certain assets using the straight-line method. At the beginning of the current year, the company changed to the sum-of-the-years'-digits method to depreciate these assets. Which of the following statements regarding this change is true?
A) The change should be accounted for prospectively. B) The change should be accounted for with an adjustment of the accumulated depreciation and the retained earnings balances. C) The change should be accounted for by including the cumulative effect of the change in the current year's income statement. D) The accounting impact of the change is limited to the difference in current-year depreciation on the affected assets.
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not true?
a. Under the capital, or finance, lease method, the lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable. b. Under the capital, or finance, lease method, the lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. c. Under the capital, or finance, lease method, the lessor amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. Under the capital, or finance, lease method, the lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. e. The capital, or finance, lease method, treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale.
Recent research has found that ______ hours of sleep a night is the best amount of sleep to function the next day.
A. 6 B. 7 C. 8 D. 8.5
Residual income:
A) is most useful as a way to compare individual divisions of different sizes. B) is the amount of income earned in excess of a predetermined minimum rate of return on assets. C) should not be used as a way to evaluate the manager of an investment center. D) is often called economic value added (EVA).