At the Time Hollywood Corporation Became a Subsidiary of Vine

question 43

Multiple Choice

At the time Hollywood Corporation became a subsidiary of Vine Corporation,Hollywood switched depreciation of its plant assets from the straight-line method to the sum-of-the-years'-digits method used by Vine.With respect to Hollywood,this change was a

• A) change in an accounting estimate.
• B) correction of an error.
• C) change in the reporting entity.
• D) change in accounting principle.

Understand the goals of behavioral science (description, prediction, determination of causes, explanation).

Recognize cognitive biases and their impact on perceptions and conclusions.

Identify the influence and implications of scientific research on society and policy.

Comprehend the importance of testability and empirical support in validating scientific ideas.

---

Definitions:

Physical Capital

Tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.

Future Goods

Products or services that are not yet manufactured or provided but are planned for future sale.

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods or services.

Market Rate

The prevailing price determined by supply and demand in the open market for services or commodities.