A Change from One Acceptable Accounting Method to Another Is

question 6

Multiple Choice

A change from one acceptable accounting method to another is reported

• A) on the statement of stockholders' equity, as a correction to the beginning balance
• B) on the income statement, below income from continuing operations
• C) on the income statement, above income tax expense
• D) through a retroactive restatement of prior-period earnings

Distinguish between written and oral contracts and their enforceability under the UCC.

Understand the importance and role of express terms versus implied terms in contract disputes.

Explain the legal implications of electronic contracts and signatures under UCC.

Evaluate scenarios involving the sale of goods, focusing on the specifics of contract terms and their enforceability.

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Definitions:

Disk Management

A Windows administrative tool used to manage disk drives and partitions, including formatting, extending, or shrinking partitions and changing drive letters.

Remote Desktop

A feature or software that allows a user to connect to and control one computer from another computer over a network connection, facilitating access to files and applications remotely.

FAT16

A file system supported by DOS and all Windows versions since DOS. DOS and Windows 9x have a 2 GB limit. Newer Windows operating systems have a 4 GB FAT16 partition size limit.

FAT32

A file system format that supports smaller cluster sizes and larger disks than its predecessors, commonly used in flash drives and external storage media.