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NEW QUESTION: 1
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment required for these transactions. These treatments are:
* Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the accounting change or error correction in the 1993 financial statements, and do not restate the 1992 financial statements.
* Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust 1992 beginning retained earnings if the error or change affects a period prior to 1992.
* Prospective approach - Report 1993 and future financial statements on the new basis but do not restate 1992 financial statements.
Item to Be Answered
As a result of a production breakthrough, Quo determined that manufacturing equipment previously depreciated over 15 years should be depreciated over 20 years.
List B (Select one)
A. Retroactive or retrospective restatement approach.
B. Prospective approach.
C. Cumulative effect approach.
Answer: B
NEW QUESTION: 2
RIPv2についての2つのステートメントは本当ですか？ （2つ選んでください）
A. CIDRとVLSMをサポートしています。
B. RIPv1と同様に、平文認証はサポートされていません。
C. ltはBellman-Fordルーティングアルゴリズムを使用しています
D. ネイバー隣接ネイバーを保存する
E. 定期的なアップデートをブロードキャストで送信する
Answer: A,C
NEW QUESTION: 3
Branding wizard cannot be used to __________? (Choose One)
A. modify the skin created in the application RuleSet
B. create a new skin
C. copy a standard skin
D. delete a skin
Answer: D
NEW QUESTION: 4
If a firm has a great deal of inventory built up which of the following ratios would be the largest?
A. Current Ratio.
B. Cash ratio.
C. Quick ratio.
Answer: A
Explanation:
The current ratio is the only one out of the current, cash, and quick ratios that has current assets in the numerator making it the largest of the three ratios.