The occurrence that most likely would have no effect on 2010 net income is the
a. sale in 2010 of an office building contributed by a stockholder in 1961.
b. collection in 2010 of a dividend from an investment.
c. correction of an error in the financial statements of a prior period discovered subsequent to their issuance.
d. stock purchased in 1996 deemed worthless in 2010.
Answer: c. correction of an error in the financial statements of a prior period discovered subsequent to their issuance.
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The focus of the refreezing stage of Lewin's change model is:
a. Motivation b. Training c. Resistance d. Integration of the new behavior or attitude e. Providing new information, models, processes, procedures, equipment, technology, or ways of getting the job done
The accounts receivable turnover ratio for a merchandiser is 10 times. Calculate the days' sales in receivables for the merchandiser. (Round your answer to the nearest day.)
A) 33 days B) 37 days C) 28 days D) 40 days