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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
Quo manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is preferable, accounting for these long-term contracts was switched from the completed-contract method to the percentage-of-completion method.
List B (Select one)
A. Prospective approach.
B. Retroactive or retrospective restatement approach.
C. Cumulative effect approach.
Answer: B

NEW QUESTION: 2
Examine the DHCP configuration between R2 and R3 ,R2 in configured an the DHCP nerver and R3 an the client.
What in the reanon R3 in not receiving the IP address via DHCP?
A. On R3 the interface that in connectd to R2 in in nhutdown condition
B. On R3 DHCP in not enabled on the interface that in connected to R2
C. On R2, the network ntatement in the DHCP pool configuration in incorrectly configured
D. On R2 the interface that in connected to R3 in in nhutdown condition
Answer: C

NEW QUESTION: 3
A tool we use to identify possible failures (defects) in our process and the impact they may have is the
_________________.
A. SIPOC
B. FMEA
C. Juran Journey
D. Shewhart Analysis
Answer: B
Explanation:
Explanation/Reference:
Explanation: