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NEW QUESTION: 1
In New Orleans, Moon Walk -- a pathway along a stretch of the Mississippi -- now provides the public access that had previously been denied. It's a charming place, where one night recently a band played on the walk as tourists and residents of the adjacent Vieux Carre (the Old Quarter or French Quarter) strolled past. A few feet west, the paddlewheeler Natchez sounded its whistle, signaling its imminent departure.
Now the city plans to extend public access to the area adjoining Moon Walk in an ambitious design that will, the city hopes, be a part of its development for the next world's fair. This more ambitious concept for the waterfront will be likely to stir considerable debate as competing projects vie for the opportunities for profit. The development will therefore require substantial participation, cooperation and scrutiny by citizens to make sure that while private profitability is maintained, the public's needs are satisfied, too.
The joint efforts of environmentalists, business-people, civic leaders and politicians have transformed abandoned, derelict port landscapes in cities throughout America into exciting commercial and recreational centers. Examples are the Cannery in San Francisco, the Riverfront Walk in San Antonio, Faneuil Hall Market in Boston and Harborplace in Baltimore.
It's easy to understand why the port areas were neglected. While many cities were growing up along rivers, lakes and natural harbors, depending on water-borne commerce, waterfronts thrived. After World War II, however, technological changes in transportation -- improved planes and airports, the interstate highway system, larger tracks for freight trains and containerized shipping -- rendered many old port facilities obsolete.
Waterfront areas became peripheral to the life of the city. Piers were abandoned, and the waterfronts lay idle in many older cities, paralleling the more general urban decay.
With the 1970's came a period of reflection on this condition and a resurgence of urban pride. Urban renewal stopped being a license for large-scale demolition; politicians and planners took a hard look at their available resources and began to experiment with new development techniques. Waterfronts became one focus of the large urban revitalization effort.
The overall impression of Moon Walk conveyed in the first paragraph is that it is
A. crowded.
B. noisy.
C. large.
D. pleasant.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
In 1990, Brighton Co. changed from the individual item approach to the aggregate approach in applying
the lower of FIFO cost or market to inventories. The cumulative effect of this change should be reported in
Brighton's financial statements as a:
A. Component of income from continuing operations, with separate disclosure.
B. Retrospective adjustment on the retained earnings statement, with separate disclosure.
C. Component of income after continuing operations, with separate disclosure.
D. Component of income from continuing operations, without separate disclosure.
Answer: B
Explanation:
Choice "a" is correct. A change in the composition of the elements of cost such as changing from the
individual item approach to the aggregate approach in applying the lower of FIFO cost or market to
inventories (LCM is covered in F4) is an example of a change in accounting principle. The cumulative
effect of the change in accounting principle should now be shown on the retained earnings statement as
an adjustment to the beginning balance of retained earnings, in what is called retrospective application.
Choices "b", "c", and "d" are incorrect. The cumulative effect of a change in accounting principle is now
reported on the retained earnings statement, not the income statement. Most of these types of changes
(changes in accounting principle) used to be reported on the income statement. SFAS No. 154 changed
that.
NEW QUESTION: 3
The frequency of a reinvestigation of the "financial lifestyle" inquiry should generally be:
A. Every 18 months
B. Never
C. Every 6 months
D. Every year
E. Every 3 years
Answer: A
NEW QUESTION: 4
In a Global Server Load Balancing (GSLB) Active/Active environment, the connection proxy is used as the site persistence method.
What is used to source the traffic when connection is proxied?
A. Virtual IP
B. Client source IP
C. LDNS IP Address
D. Subnet IP (SNIP)
Answer: B
Explanation:
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