Indicate with the appropriate letter the nature of each situation described below:
type of change
pr change in principle reported retrospectively
pp change in principle reported prospectively
e change in estimate
ep change in estimate resulting from a change in principle
r change in reporting entity
n not an accounting change
1. change from declining balance depreciation to straight-line.
2. change in the estimated useful life of office equipment.
3. technological advance that renders worthless a patent with an unamortized cost of $45,000.
4. change from determining lower of cost or market for the inventories by the individual item approach to the aggregate approach.
5. change from lifo inventory costing to the weighted-average inventory costing.
6. settling a lawsuit for less than the amount accrued previously as a loss contingency.
7. including in the consolidated financial statements a subsidiary acquired several years earlier that was appropriately not included in previous years.
8. change by a retail store from reporting bad debt expense on a pay-as-you-go basis to the allowance method.
9. a shift of certain manufacturing overhead costs to inventory that previously were expensed as incurred to more accurately measure cost of goods sold. (either method is generally acceptable.)
10. pension plan assets for a defined benefit pension plan achieving a rate of return in excess of the amount anticipated.

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?