Which of the Following Is True About Qualifying the WPS

question 29

Multiple Choice

Which of the following is true about qualifying the WPS?

• A) It must be qualified to verify that the list of variables will provide a sound weld.
• B) It is not necessary to keep a record of all parameters used to produce test welds.
• C) The PQR is for the benefit of the welder; the inspection agency will not request it.
• D) Sample welds are prepared using an established code or specification.

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Definitions:

Goodwill Impairment

A decrease in the value of goodwill on a company's balance sheet, indicating that the expected future cash flows from an acquisition are lower than initially estimated.

Straight-Line Method

A method of calculating the depreciation of an asset, which spreads the cost evenly over its useful life.

Consolidated Retained Earnings

The accumulated earnings of a parent company and its subsidiaries after dividends are paid, as presented in consolidated financial statements.

Cost Method

An accounting methodology where investments are recorded at their original purchase cost without adjusting for market changes.