Why is land classified separately from other tangible long-term assets?
What will be an ideal response?
Land is classified separately from property, plant and equipment because it is not subject to depreciation or depletion. Land has an infinite life. It is not worn out or consumed as it is used.
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What does the effectiveness of internal controls influence?
a. Inherent risk. b. Control risk. c. Risk of material misstatement. d. Both B and C.
A question that broadly addresses the prospect's need and offers a solution can be effective at the beginning of the ________ step of the selling process
A) preapproach B) prospecting C) follow-up D) sales presentation E) qualifying
Which of the following statements characterizes defined contribution plans?
a. They are more complex in construction than defined benefit plans. b. The employer's obligation is satisfied by making the appropriate amount of periodic contribution. c. The investment risk is borne by the employer. d. Contributions are made in equal amounts by employer and employees.
The normal distribution curve is ______.
A. skewed to the left of the mean B. skewed to the right of the mean C. symmetrical about the mean D. linear