Which of the following is one of the three facets of training for cultural intelligence?
A. cognitive (and metacognitive)
B. conversational
C. inspirational
D. retooling
A. cognitive (and metacognitive)
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Which of the following is/are true about accounting for errors and changes in accounting principles and changes in accounting estimates?
a. Firms account for material errors in previously issued financial statements by retrospectively restating net income of prior periods and adjusting the beginning balance in Retained Earnings of the current period. b. If practical, firms account for voluntary changes in accounting principles, such as from a LIFO to a FIFO cost-flow assumption for inventories, by retrospectively restating net income of prior periods and adjusting the beginning balance in Retained Earnings of the current period. c. Firms account for changes in accounting principles required by a new reporting standard in accordance with the guidance specified in the standard. d. Firms account for changes in estimates, such as for depreciable lives, uncollectible accounts, or warranty cost, prospectively, in current and future periods' earnings. e. all of the above
Which of the following is an example of direct labor?
A) chef in a restaurant B) janitor in a production plant C) security guard for the factory D) management accountant
Emmett has always wanted a sports car. He has finally graduated from college and is working at his first job. He realizes to make his dream come true, he needs to save up for a down payment and then work out how he will pay the monthly loan amount. Using goal setting theory, give the direct and indirect effects of Emmett’s scenario?
What will be an ideal response?
Tax credits are less valuable on a dollar-for-dollar basis than are tax-deductible expenses
Indicate whether the statement is true or false.