Which of the following statements is true about assessing recoverability of an asset?
A) If the sum of the undiscounted cash flows exceeds the carrying value of the asset, then the asset is impaired.
B) If the sum of the discounted cash flows exceeds the carrying value of the asset, then the asset is impaired.
C) If the sum of the undiscounted cash flows exceeds the carrying value of the asset, then the asset is not impaired.
D) If the sum of the discounted cash flows exceeds the carrying value of the asset, then the asset is not impaired.
Answer: C
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The delivery lead time was highly variable as was the quality of the product being shipped. These two factors combined to contribute to the waste of:
A) unnecessary transportation. B) unnecessary inventory. C) unnecessary motion. D) waiting.
Which of the following companies uses the Web for both B2B and B2C?
A) Dell B) Facebook C) Staples D) both A and C