In a random walk model, the:
a. series itself is random
b. series itself is not random but its differences are random
c. series itself and its differences are random
d. series itself and its differences are not random
b
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The cost of an internally developed unidentifiable intangible is expensed as incurred. Accordingly, which one of the following costs would be expensed in the year it was incurred?
A) legal cost of obtaining a patent B) cost of improvements with a three-year life made to an asset that is being leased by the company for a five-year period C) costs of developing new software products with proven technological feasibility D) Costs of developing knowledge and skill levels for new management-level employees
________ needs are the main strategic benefits that the product or service attempts to deliver
A) Primary B) Secondary C) Tertiary D) Psychological
For reports to be useful they must have information content. Describe a reporting objective which gives reports information content
Racine started a new business in the current year. She incurred $52,000 of start-up costs. If her business started on November 23rd of the current year, what is the total amount she may deduct with respect to the start-up costs for her initial year, rounded to the nearest whole number?
A. $52,000. B. $5,522. C. $2,555. D. $3,544. E. None of the choices are correct.