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NEW QUESTION: 1
In single period statements, which of the following should not be reflected as an adjustment to the
opening balance of retained earnings?
A. Effect of a decrease in the estimated useful life of depreciable equipment.
B. Cumulative effect of a change from LIFO to FIFO in valuing merchandise inventory.
C. Cumulative effect of a change from the percentage of completion to the completed contract method of
accounting for long-term construction projects.
D. Effect of a failure to provide for uncollectible accounts in the previous period.
Answer: A
Explanation:
Choice "b" is correct. A change in the estimated useful life of a depreciable asset is a change in estimate
handled prospectively. No adjustment to retained earnings is necessary. Choice "a" is incorrect. The
correction of a failure to provide for uncollectible accounts is considered to be a correction of an error. The
opening balance of retained earnings would be adjusted to correct the error. Choice "c" is incorrect. This
change is a change in accounting principle and is handled retrospectively. With retrospective application,
the opening balance of retained earnings would be adjusted to reflect the cumulative effect of the changes.
Choice "d" is incorrect. This change is a change in accounting principle and is handled retrospectively.
With retrospective application, the opening balance of retained earnings would be adjusted to reflect the
cumulative effect of the changes.
NEW QUESTION: 2
HOTSPOT
Your network contains an Active Directory domain named contoso.com.
You need to audit access to removable storage devices.
Which audit category should you configure?
To answer, select the appropriate category in the answer area.

Answer:
Explanation:

NEW QUESTION: 3
Results of quantitative consequence analysis are usually expressed in
A. Occasion
B. Ranges from high to low
C. Numeric
D. Frequency
Answer: C
NEW QUESTION: 4
Which activity is associated with the wireless technology assessment service component? Select exactly 1 answer(s) from the following:
A. Develop Escalation Plan
B. Perform Infrastructure Audit
C. Develop Project Management
D. Execute Test Cases
Answer: B