The cumulative effect on prior years' earnings of a change in accounting principle should be reported separately as an adjustment to retained earnings for the earliest period presented for all of the following changes except
a. completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method.
b. percentage-of-completion method of accounting for long-term construction-type contracts to the completed-contract method.
c. FIFO method of inventory pricing to LIFO method.
d. LIFO method of inventory pricing to the weighted-average method.
C
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Which of the following statements about interests is true?
A. There is only one type of interest in a dispute. B. Interests are often based in more deeply rooted human needs or values. C. Interests do not change during the course of an integrative negotiation. D. Parties are always in agreement about the type of interests at stake.
Assume that a firm's book value at the beginning of the year is $12,500 and that the firm reports net income of $3,200 and pays dividends of $1,100 . What will the firm's book value at the end of the year?
a. $2,100 b. $15,700 c. $14,600 d. $16,800
Who developed the Managerial Grid, which was later transformed into the Leadership Grid?
a. John Redwood and Margaret Walker b. Anderson DeWalt and Jeff McComb c. Robert Blake and Jane Mouton d. Madelyn Marse and Cory Heuser
U.S. citizens, resident aliens, and domestic corporations are taxed by the U.S. government on their worldwide income at regular U.S. tax rates.
Answer the following statement true (T) or false (F)