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bagirrra123 [75]
3 years ago
8

Ski Park Company purchased a gondola for $440,000 (no residual value) at the beginning of 2015. The gondola was being depreciate

d over a 10-year life using the double-declining method. At the beginning of 2018, it was decided to change to straight-line. An accompanying disclosure note would include each of the following except:_______.A. The cumulative effect of the change. B. Justification that the change is preferable. C. The effect of a change on per share amounts affected for all periods reported. D. The effect of a change on any financial statement line items affected for all periods reported.
Business
2 answers:
krek1111 [17]3 years ago
4 0

Answer:

D (The effect of a change on any financial statement line items affected for all periods reported.)

Explanation:

Any change in the financial system should include all other 3 explanations. It should also include a cumulative effect of the change but it would not include change to every financial line and every statement.

As they only needs to adjust the cumulative effect.

bixtya [17]3 years ago
3 0

Answer:

The correct option is C,The effect of a change on per share amounts affected for all periods reported.

Explanation:

Change in accounting policy on depreciation should only take place when the new method is more justified and would present a  more fairer position and performance of the entity involved,hence option B is wrong.

Also,the disclosure requirements include the cumulative effect of the change as well as the effect  on financial statements line items in accordance with US. GAAP and International Financial Reporting Standards.

The impact on per share value is not a requirement,hence option C is correct

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When thinking about a washing machine as a system, which of the following represents the inputs? Multiple Choice the dirty cloth
Over [174]

Answer: The dirty clothes, water and detergent

Explanation: Inputs are the resources that are put into the system to attain a desired output, that may have a value to someone. The output is the final commodity that one get at the end of the system.

If we see washing machine as a system then the cleaned clothes are the output from that system. The resources that are used to get the clothes cleaned such as dirty clothes, water and detergent are the inputs.

Hence from the above we can conclude that the correct option is A.

5 0
3 years ago
Most people have at least five years of experience in an office before becoming:
elena-14-01-66 [18.8K]

<h2>To become a Manager one must have at least five years of experience.</h2>

Explanation:

Subject-matter expert:

  • Any person who has completed UG or PG can become subject-matter expert.
  • Only thing the knowledge in a particular subject will be assessed during the various interview process.
  • This is enough to become a SME

Virtual assistant:

  • He/ she is the person who supports business form remote location
  • This role will be either bottom most or middle position role depending on the organization's hierarchy.

Manager:

  • Whereas manager has huge responsibility
  • It requires lots of experience to handle people, business, understand organizational goal, meet requirement, achieve targets, multi-tasking, etc.
  • So it needs both skill and experience to become a manager and it cannot happen suddenly.
7 0
4 years ago
The constant growth model assumes which of the following?
Gwar [14]
The answer would be letter C, because the growth model promotes a rise or a growth in development. In which, it will create the stocks to be efficiently priced as time goes by for it is a requirement in terms of developing or having stocks to rise up in the contribution of the company. Executive stocks are not always available, privately held information does not follow on the relationship of the model and there is a restricted stock.
4 0
4 years ago
Which of the three types of business is the shoe store?
andrew-mc [135]

Answer:

I think a shoe store would be considered a corporation, however it could be a sole proprietorship meaning the business is solely owned and taken care of by one person, but that's unlikely since a shoe store would need employees to maintain their store.

Explanation:

There are three categories of business which are the following:(1) sole proprietorship, (2) partnership, and (3) corporation. Within each category, there are several variations.

Hope I helped, have a nice day :)

3 0
3 years ago
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
Vadim26 [7]

Answer:

a. Imports (M), b. Government Expenditure (G), c. Exports (X), d. Investment 'I'

Explanation:

a) 'Kevin buys a bottle of Italian wine' is a part of US Imports (M)

b)  'The state of Pennsylvania repaves highway PA 320' is a part of US Government Expenditure (G)

c) 'Maria's father in Sweden orders a bottle of Vermont maple syrup from the producer's website' is a part of US Exports (X)

d) 'Kevin's employer upgrades all of its computer systems using U.S.-made parts' is a part of US Investment 'I'

4 0
3 years ago
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