The time and cost barriers associated with distance have increased over the past decade
Indicate whether the statement is true or false
FALSE
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Which of the following items would not be accounted for under current GAAP as a change in estimate?
A) an increase in the expected life of a piece of manufacturing equipment B) a decrease in the estimated residual value of a delivery van C) a change from FIFO to LIFO for a small subsidiary D) an increase in defective items for the best selling video game
An example of a cash equivalent is
a. a 120-day time deposit. b. notes receivable. c. accounts receivable. d. a 60-day certificate of deposit.
Realization is the presumption that a firm will remain in operation long enough to carry out its current plans. and in the normal course of its operations, realize changes in the fair values of its assets either by using those assets or selling them
Indicate whether the statement is true or false
When does a period fault occur? How can a writer solve this problem?
What will be an ideal response?