When inventories are written down due to the application of the lower-of-cost-or-market (LCM) rule, which of the following is usually increased?
A) Cost of goods sold
B) Inventories
C) Operating expenses
D) Accumulated depreciation--inventory
A
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Which of the following statements correctly describes how sexual orientation originally became a prohibited ground of discrimination under federal human rights legislation?
A) It was included as a prohibited ground in the Canadian Human Rights Act as first enacted. B) It was included as a prohibited ground in several provincial Human Rights Acts and Parliament decided to follow suit. C) It was declared to be a prohibited ground by the Canadian Human Rights Commission. D) It was added as a result of a court ruling in a case challenging the legislation as contrary to the Charter of Rights. E) It just happened due to public pressure
Jarvis is starting a business requiring initial start-up of $5.5 million. The business is projecting a net cash flow per month of $100,000. How many months will it take to make back his start-up investment?
A) 5.5 B) 55 C) 20 D) None of the above