Which of the following explanations most likely would satisfy an auditor who questions management about significant debits to the accumulated depreciation accounts?
A. The estimated remaining useful lives of plant assets were revised upward.
B. Plant assets were retired during the year.
C. The prior year's depreciation expense was erroneously understated.
D. Overhead allocations were revised at year-end.
B. Plant assets were retired during the year.
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The third step in the planning process is to assemble all the defined issues into a comprehensive list. The combination of lists from each side in the negotiation determines the ________ mix.
Fill in the blank(s) with the appropriate word(s).
As a rule, the key indicators of industry attractiveness, for all the industries represented in a diversified company's business portfolio, should not be measured on such attractiveness factors as
A. emerging opportunities and threats, and the intensity of competition. B. market size and projected growth rate. C. the utility of the products for consumers from all age groups. D. resource requirements and the presence of cross-industry strategic fits. E. seasonal and cyclical factors, industry profitability, and whether an industry has significant social, political, regulatory, and environmental problems.
A transaction has been recorded in the general journal of Manella Company as follows:Cash6,000 Unearned Revenue 6,000 Which of the following could be an explanation for this transaction?
A. Recorded adjusting entry for work completed. B. Received cash for services completed. C. Paid cash to a customer who requested a refund. D. Received cash in advance for work to be performed in future months.
Which of the following is among the major areas of the external market environment?
A. company objectives B. company resources C. technological environment D. competitor strategies E. customer base