Quiz 20.56 – National Hoopla Company
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
What are the effects on National Hoopla Company when it switches its depreciation method from sum-of-the-years’ digits to straight-line?
What are the effects on National Hoopla Company when it switches its depreciation method from sum-of-the-years’ digits to straight-line?
What is the appropriate journal entry to record the effects of changing the depreciation method from straight-line to units-of-production?
When changing the depreciation method, which of the following items should NOT be included in the accompanying disclosure note?
When changing the depreciation method for warehouses, which detail should NOT be included in the disclosure note?
What is the impact of reporting consolidated financial statements instead of statements of individual companies reported in previous years for Diversified Systems, Inc.?
What is the impact on Z Company’s financial statements if they consolidate a subsidiary that was appropriately excluded from consolidation last year?
What is an example of a change in reporting entity?
Which of the following options does not represent a change in reporting entity?
Which of the following should be reported as a prior period adjustment?
Which statement regarding the correction of an error is false?