How would a company report a change in an accounting principle made on the last day of the third quarter?
A. No change is required.
B. Retrospective application to all pre-change interim periods reported.
C. Apply to current and prospective interim periods only.
D. Apply to prospective interim periods only.
Answer: B
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On December 1, 2016, Vonn Corporation paid $8,000 rent in advance. The rent per month is $1,000 . If Hazel's accounting period ends on December 31, 2016, what will be reported on the financial statements?
a. Prepaid Rent of $7,000 on its balance sheet at December 31, 2016 b. Prepaid Rent of $8,000 on its balance sheet at December 31, 2016 c. Rent Expense of $8,000 on its 2016 income statement d. Rent Revenue of $7,000 on its 2016 income statement
A comparison of the proportion of workers in protected subgroups with the proportion that each subgroup represents in the relevant labor market is called a workforce utilization review.
Answer the following statement true (T) or false (F)
Why are the profits on exports of intermediate parts by IWPI-U.S. to IWPI-Spain included in the value of the project?
What will be an ideal response?
____ e-commerce often connects manufacturers directly with consumers, cutting out the middleman.
A. B2C B. C2C C. C2B D. B2B