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Reliable L4M8 Test Objectives & L4M8 Certification Test Answers - Valid L4M8 Vce Dumps - FreeTorrent

L4M8

Exam Code: L4M8

Exam Name: Procurement and Supply in Practice

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
The following financial statement notes are extracts from the audited financial statements of public entities. Which note describes a change in accounting estimate?
A. Effective January 1. Year 5, the entity changed to the LIFO method of inventory valuation. Prior to Year 5, the FIFO method was used.
B. The entity changed its amortization of capital assets based on a reassessment of the useful lives of the assets. Accordingly, the entity changed its rate of amortization from 5% and 6% to 8% and 10%, for machinery and equipment.
C. During the year, the entity changed a method of accounting pursuant to a change in an International Financial Reporting Standard.
D. Prior to Year 5, plant and equipment other than customer service replacement parts were depreciated using the diminishing-balance method. Plant and equipment are now depreciated on a straight-line basis.
Answer: B
Explanation:
Accounting estimates, e.g., service lives, residual values, warranty costs, uncollectible accounts, and inventory obsolescence are a necessary part of preparing financial statements. However, they inevitably change as no casts occur and as additional experience and information are obtained. When altered conditions require a change in estimate, it is accounted for prospectively. Thus, a change in the estimate of the service lives of depreciable assets is a change in accounting estimate.

NEW QUESTION: 2
프로젝트 관리자는 새로운 CIO를 회의에 초대하여 프로젝트의 주요 결과물을 검토합니다. 이정표, 역할 및 책임. 이에 대한 프로젝트 관리자의 목적은 무엇입니까?
A. 프로젝트 헌장 개발
B. 이해 관계자 식별
C. 이해 관계자 저항 최소화
D. 커뮤니케이션 관리 계획
Answer: A

NEW QUESTION: 3
In the Navigator control, the expandEffect property allows a developer to add an effect when a user clicks on the twisty arrow. What is the only effect available in IBM Domino Designer 9.0?
A. slide
B. dissolve
C. flip
D. wipe
Answer: D

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