Generally accepted methods of accounting for a change in accounting principle include
A) restating prior years' financial statements presented for comparative purposes.
B) including the cumulative effect of the change in net income.
C) prospective changes.
D) making a prior-period adjustment.
A
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Which one of the following groups of activities is likely to be shown on a process chart?
A) operation, inspection, delay B) operation, capital intensity, flow strategy C) transportation, material flow, physical layout D) storage, delay, personnel involved
Aisha has been asked to organize a team of managers to make decisions regarding some key issues within her company. She has been given a very tight timeline and is concerned about the impacts of cognitive bias and groupthink. Aisha is familiar with techniques such as devil's advocacy and dialectical inquiry and knows they can help combat these issues, but she feels they would take too much time. What advice would you give Aisha about choosing group members?
What will be an ideal response?
Maria's home was damaged by an earthquake. As Maria has open-perils coverage on her home, she was surprised to learn that her loss was not covered
Which section of a property insurance policy specifies which perils, property, and types of losses are not covered? A) the declarations B) the exclusions C) the conditions D) the insuring agreement
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