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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 A represents possible clarifications of these transactions as: a change in accounting principle, a change in accounting estimate, a correction of an error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
The equipment that Quo manufactures is sold with a five-year warranty. Because of a production breakthrough, Quo reduced its computation of warranty costs from 3% of sales to 1% of sales.
List A (Select one)
A. Change in accounting estimate.
B. Change in accounting principal.
C. Correction of an error in previously presented financial statements.
D. Neither an accounting change nor an accounting error.
Answer: A

NEW QUESTION: 2
Why is validate policyset run before activate policyset?
A. To verify permissions are available to change the policies.
B. To verify if the definitions are consistent.
C. To verify that the policies can be overwritten.
D. To verify that the active policyset is not in use.
Answer: B
Explanation:
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NEW QUESTION: 3
What diversity of connections can 5G deliver in the mMTC application scenario in IMT - 2020 Vision? -SC
A. 1 million connections per square kilometer
B. 10,000 connections per square kilometer
C. 10 million connections per square kilometer
D. 100,000 Connections per square kilometer
Answer: A