Changes in accounting estimates are accounted for in current and future periods.
Answer the following statement true (T) or false (F)
True
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The lessee's balance sheet liability for a capital lease would be periodically reduced by the
a. minimum lease payment. b. minimum lease payment plus the amortization of the related asset. c. minimum lease payment less the amortization of the related asset. d. minimum lease payment less the portion of the minimum lease payment allocable to interest.
During the ________ stage of the group development process, a relatively clear hierarchy of leadership and agreement on the group's direction emerge.
A. forming B. storming C. norming D. performing
Victory Tire Company makes a special kind of racing tire
Variable costs are $210 per unit, and fixed costs are $30,000 per month. Victory sells 700 units per month at a sales price of $310. If the quality of the tire is upgraded, the company believes it can increase the sales price to $350. If so, the variable cost will increase to $240 per unit, and the fixed costs will remain the same. If Victory decides to upgrade, how will it affect operating income? A) Operating income will decrease by $7,000. B) Operating income will decrease by $21,000. C) Operating income will increase by $21,000. D) Operating income will increase by $7,000.
A factory in Europe has excess manufacturing capability and formally agrees to begin producing and distributing products for a U.S.-based company eager to build a presence in Europe. This is an example of
A. business-to-business (B2B) marketplace B. business-to-business (B2B) commerce. C. business-to-customer (B2C) commerce. D. strategic alliance. E. boundaryless organization structure.