A New Mother Asks for Advice on How to Quiet

question 21

Multiple Choice

A new mother asks for advice on how to quiet her fussy newborn.Which responses would be appropriate to suggest to the mother? (Select all that apply.)

• A)Prewarm the crib sheets with a hot water bottle
• B)Swaddle the newborn tightly in a receiving blanket
• C)Place the baby in a larger crib or infant bed
• D)Offer a pacifier or allow the infant to suckle at the breast
• E)Take the infant for a ride in the car

Understand the accounting treatment of initial direct costs for different types of leases.

Identify the criteria that categorize leases as operating, direct financing, or sales-type leases.

Calculate the cost of goods sold in a sales-type lease considering residual values.

Recognize sales revenue in a sales-type lease including the impact of bargain purchase options.

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Definitions:

GST and PST

Taxes applied to the sale of goods and services; GST is a federal tax in Canada, while PST is a provincial sales tax.

Sold

The act of exchanging a product or service for money or other consideration.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number.

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.