When using the modified approach to account for infrastructures, expenditures to extend the life of the infrastructure assets are:

A. Expensed.
B. Capitalized.
C. Either of the above.
D. Neither of the above.


Answer: A

Business

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Identify whether each of the following items 1 through 8 would on appear on the bank side or the book side of a bank reconciliation.____ 1. Bank service charges____ 2. Outstanding checks____ 3. Deposits in transit____ 4. NSF check____ 5. Interest on a checking account____ 6. The company properly wrote a check for $95.80 that the bank incorrectly paid as $9.58.____ 7. The bank printed checks for the depositor for a fee.____ 8. The bank collected a $1,000 note for the depositor.

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The Myers-Briggs Type Indicator model of personality identifies your personality ______.

a. preferences b. tendencies c. patterns d. continuum

Business

The Girl Scouts introduced a cookie finder app in 2013. In the context of change drivers impacting the future of marketing, this reflects the ________.

A. shift to justifying the relevance and payback of the marketing investment B. shift in generational values and preferences C. shift to product glut and customer shortage D. shift in power from marketer to customer E. shift to distinguishing Marketing (Big M) from marketing (little m)

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Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August.   Percent Complete UnitsMaterialsConversionWork in process, August 1850?60?%50?%Units started into production during August8800?    Units completed during August and transferredto the next department8300?    Work in process, August 311350?70?%40?%Required:Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method.?MaterialsConversionEquivalent units of production??

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