Answer the following statements true (T) or false (F)
1. A fixed asset's useful life may be shorter than its physical life due to obsolescence.
2. Book value is depreciable cost minus accumulated depreciation.
3. alculating depreciation using a base such as miles driven per year would be an example of double-declining balance depreciation.
4. Double-declining balance is an accelerated method of calculating depreciation where salvage value is NOT part of the initial computation
5. A company purchased a delivery truck on August 1, 2018. Using straight-line depreciation, the company would report four (4) months depreciation on December 31, 2018.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. FALSE
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When she is with her musician friends, Tamar uses the word hot to describe music they create. She is aware that this is a good term because she is knowledgeable of its ______ meaning among her musician friends.
a. social b. connotative c. phonemic d. denotative
Bowie, a certified public accountant, prepares and certifies Candy Products Corporation's financial statements. These statements are included in Candy's registration statement filed with the Securities and Exchange Commission before Candy's offering of securities. Dona buys a security covered by the registration statement. Based on this transaction, Dona files a suit against Bowie under Section 11 and Section 10(b) of the Securities Exchange Act of 1934. To succeed in the suit, what must Dona prove? Bowie responds that Dona was not in privity with him and that even if she had been in privity, she cannot prove his lack of due diligence. Can Bowie prevail on these grounds? Why or why not?
What will be an ideal response?
Explain the gamble P&G took on its 1993 dollar-denominated interest rate swap
What will be an ideal response?
Task forces are generally
A. managers or nonmanagerial employees from various departments or divisions who meet to solve a specific, mutual problem. B. permanent groups and often referred to as ad hoc committees. C. composed of employees who enjoy one another's company and socialize with one another. D. managers who form to focus on their own goals beyond overall organizational needs. E. not used to addressing recurring or long-term problems.