Use the Following Information for Questions

question 19

Multiple Choice

Use the following information for questions.
Lee Company received an HK$1,800,000 subsidy from the government to purchase manufacturing equipment on January, 2, 2011.The equipment has a cost of HK$3,000,000, a useful life a six years, and no salvage value.Lee depreciates the equipment on a straight-line basis.
-Whether Lee chooses to account for the grant as deferred revenue or as an adjustment to the asset, the combined impact of deferred grant revenue recognition and\ or depreciation expense recorded per year will be:

• A)decrease to net income of HK$200,000.
• B)decrease to net income of HK$300,000.
• C)increase to net income of HK$500,000.
• D)increase to net income of HK$100,000.

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Definitions:

Rogers

Refers to Carl Rogers, an influential American psychologist who founded the person-centered approach to therapy, emphasizing empathy, and unconditional positive regard.

Working Alliance

A therapeutic concept that refers to the collaboration between a therapist and client on agreed-upon goals and tasks, as well as the bond between them.

Transference

A phenomenon in therapy where clients project feelings or attitudes from past relationships onto their therapist.

Countertransference

The emotional reaction of a therapist toward the client's projections, influenced by the therapist's own unconscious feelings.