What are the three conditions required by accounting standards in determining whether leases are treated as capital leases?
1. The lease cannot be canceled.
2. The duration of the lease is about the same as the useful life of the asset.
3. The lease stipulates that the lessee has the option to buy the asset at a nominal price at the end of the lease.
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______________________________ is the application of computer and communications technology to improve productivity by linking computer numerical control (CNC) machines, monitoring production, and providing automatic feedback to control operations
Fill in the blank(s) with correct word
Podcasts are ________
A) digital representations of animated pictures B) dynamic advertisements that change color and fonts while being displayed C) advertisements that pop up between Web pages D) digital media files created for playback E) advertisements that alter the contents of the Web page
In-depth study of consumer consumption through interviews and observing behavior is known as ethnographic research
Indicate whether the statement is true or false
Suppose a management accountant becomes aware of a confidential but illegal act that has occurred within her company. The management accountant must consider what she is ethically bound to do about this situation. Three alternative responses to this
situation are given below. State whether you agree or disagree with each, and briefly detail your reasons. a. The accountant must remain loyal to the company at all times and should report the occurrence only to appropriate officials within the company. b. The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. c. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provided.