In periods of inflation, accounting depreciation is __________ relative to replacement cost, and real economic income is________.
A. overstated; overstated
B. overstated; understated
C. understated; overstated
D. understated; understated
E. correctly stated; correctly stated
C. understated; overstated
Fixed assets are depreciated based on historical costs and, as a result, are understated relative to replacement costs during periods of inflation; as a result, real economic income is overstated.
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Clichés are _____________ phrases
a. long b. unclear c. worn-out d. incoherent
A person who detains someone for shoplifting
a. may be liable for false imprisonment if she/he holds a suspected shoplifter for an unreasonably long period of time. b. is always liable for detaining a suspected shoplifter who turns out to be innocent. c. cannot be held liable for false imprisonment if the suspect had shoplifted store merchandise in the past. d. is legally required to be a licensed security guard.
An appellate court can require that a new trial be held
Indicate whether the statement is true or false
The reliability of a job evaluation can be improved by using evaluators who are familiar with the work and trained in the job evaluation process.
Answer the following statement true (T) or false (F)