When calculating a partial year's depreciation, the length of time an asset has been owned usually is rounded to the nearest month. This rounding practice is justified by the principle or rule of

a. matching.
b. materiality.
c. conservatism.
d. full disclosure.

B

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In the context of the Internet usage example, suppose we wanted to test whether the probability of observing a K value of .222, as determined by the normalized z statistic, is 0.103

Because this is more than the significance level of 0.05, the null hypothesis cannot be rejected. What do the results mean? A) The distribution of the Internet usage does deviate significantly from the normal distribution. B) The distribution of the Internet usage does not deviate significantly from the normal distribution. C) The proportion of users for males and for females is not significantly different for the two samples. D) The proportion of users for males and for females is significantly different for the two samples.

Business

Keith Monroe nails hundreds of pieces of culled lumber in the blazing July sun to form a parquet deck for his barn roof. He and his assistant are clearly in:

A) The termination stage of the project life cycle. B) The planning stage of the project life cycle. C) The execution stage of the project life cycle. D) Way over their heads.

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