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NEW QUESTION: 1
Because changes in accounting estimates relate to changes in circumstances in the [List A] period, they should be reported [List B]_ List A List B:
A. Option D
B. Option B
C. Option C
D. Option A
Answer: B
Explanation:
Changes in accounting estimates arise as new events occur, as more experience is obtained, or as additional evidence is acquired. A change should be reported in the period in which it occurs, as well as prospectively if future periods are effected. Retroactive reporting is impracticable because of it would result in continual adjustments of prior years' financial statements.
NEW QUESTION: 2
A college bookstore sells textbooks at a 15 percent discount to professors while successfully selling the same books at full price to students. What conditions are present so that the bookstore can charge different prices? (Select all that apply.)
A. The demand for the books is elastic.
B. The bookstore has few close competitors.
C. The bookstore is owned by the college where it sells books.
D. Professors are unable to resell books.
E. The books can also be purchased online.
Answer: B,D
NEW QUESTION: 3
Which of the completed statements is NOT true? The WebUI can be used to manage user accounts and:
A. assign user rights to their home directory in the Security Management Server
B. add users to your Gaia system.
C. edit the home directory of the user.
D. assign privileges to users.
Answer: A
Explanation:
Explanation/Reference:
Explanation: Users
Use the WebUI and CLI to manage user accounts. You can:
Add users to your Gaia system.
Edit the home directory of the user.
Edit the default shell for a user.
Give a password to a user.
Give privileges to users.
Reference: https://sc1.checkpoint.com/documents/R76/CP_R76_Gaia_WebAdmin/73101.htm
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