Assume that there is a decline in inventory value in one period, then there is a reversal of value to the original or higher value and a later period. Which of the following statements about recognition of the loss is true?
A) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period in all situations.
B) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period but only if the second period is within the same fiscal year.
C) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period but only if the second period is within a different fiscal year.
D) The decline in inventory value and related loss should never be recognized.
B
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Which of the following is considered to be an obstacle to diversity?
A. ethnocentrism B. policies and practices C. unfriendly work environment D. all of the answers are correct
Cal believes criminal penalties for antitrust violations should be increased. Donna believes antitrust offenses should be decriminalized. Based on the scenario, which of the following statements can be inferred?
A) Both subscribe to the Chicago School approach to antitrust policy. B) Both subscribe to the Harvard School approach to antitrust policy. C) Cal's views are closer to the Harvard School approach to antitrust policy. D) Donna's views are closer to the Harvard School approach to antitrust policy.
Abe has an allowed claim of $5,000 against the estate of Deborah and has a security interest in her art collection in the amount of $3,000 of the $5,000 claim
a. Abe will recover nothing in the bankruptcy proceeding. b. Abe will recover $5,000 in the bankruptcy proceeding. c. Abe has a secured claim in the amount of $3,000 and an unsecured claim in the amount of $2,000. d. It would be a voidable preference to pay Abe the full $5,000.
The Theory of Constraints would support the statement that a chain is only as strong as its weakest link
Indicate whether the statement is true or false.