Which of the following is NOT correct regarding a change in reporting entity?
a. Financial statements of the year in which the change in reporting entity is made should disclose the nature of the change and the reason for the change.
b. The effect of the change on income before extraordinary items, net income, and earnings per share amounts should be reported for all periods presented.
c. Financial statements presented for all prior periods must be restated.
d. The effect of the change on income before extraordinary items, net income, and earnings per share amounts should be reported for all periods presented and must be repeated in all periods subsequent to the period of the change.
D
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In 2016, Aspinwall Company issued $200,000 of bonds for $175,000 . If the face rate of interest was 9% and the effective rate of interest was 7.99%, how would Aspinwall calculate the interest expense for the first year on the bonds using the effective interest method?
a. $175,000 × 7.99% b. $175,000 × 9% c. $10,000 × 7.99% d. $10,000 × 9%
Which of the following is true of perceptual maps?
A) They are only used during the new product development process. B) They are the most effective method for predicting product success. C) They identify consumer shopping preferences in terms of retail and nonretail locations. D) They are not useful in business-to-business marketing. E) They cannot be created without consumer research.
Of the two reports, hers is ________
A) worser B) worse C) worst D) more worser
A textual block on a poster should typically not exceed ______ words.
a. 10 b. 25 c. 50 d. 100