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NEW QUESTION: 1
How should the effect of a change in accounting estimate be accounted for?
A. As prior-period adjustments to beginning retained earnings.
B. By restating amounts reported in financial statements of prior periods.
C. None of these answers.
D. In the period of change and future periods if the change affects both.
E. By reporting pro forma amounts for prior periods.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The effect of a change in accounting estimate must be accounted for as a component of income from continuing operations in the period of change and in future periods.

NEW QUESTION: 2
A project manager is asked to select a contract type for a new software development project that has complete, detailed requirements. Which is the BEST contract to choose?
A. Cost plus fixed fee (CPFF)
B. Time and material (T&M)
C. Fixed price (FP)
D. Cost reimbursable (CR)
Answer: C

NEW QUESTION: 3
What is the minimum amount of memory required to support 64-bit Indexing?
A. 2GB
B. 4GB
C. 16GB
D. 8GB
Answer: D

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