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NEW QUESTION: 1
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment
required for these transactions. These treatments are:
. Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the
accounting change or error correction in the 1993 financial statements, and do not restate the 1992
financial statements.
. Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust
1 992 beginning retained earnings if the error or change affects a period prior to 1992.
. Prospective approach - Report 1993 and future financial statements on the new basis but do not restate
1 992 financial statements.
Item to Be Answered
During 1993, Quo determined that an insurance premium paid and entirely expensed in 1992 was for the
period January 1, 1992, through January 1, 1994.
List B (Select one)
A. Retroactive or retrospective restatement approach.
B. Prospective approach.
C. Cumulative effect approach.
Answer: A
Explanation:
Choice "B" is correct. If comparative FS are issued, restate prior year's FS. If comparative FS are not
issued, restate prior year-end's retained earnings account by "adjusting" (net of tax) the opening balance
of the current retained earnings statement.

NEW QUESTION: 2
Java開発環境のセットアップの特徴はどれですか。
A. Java開発環境をセットアップするには、JREもインストールする必要があります。
B. JDKの前にIDEをインストールすると、Java開発環境が設定されます。
C. デフォルトでは、Java開発環境がすべてのオペレーティングシステム用に設定されています。
D. JDKをインストールするときに、特定のオペレーティングシステム用のJava開発環境を設定します。
Answer: B

NEW QUESTION: 3
In a Vblock System 320, which type of port channel is configured from the Cisco Nexus 5548 switch to the fabric interconnects?
A. virtual port channel plus (vPC+)
B. static port channel
C. virtual port channel (vPC)
D. enhanced virtual port channel
Answer: C