An asset is ________ when another asset can do the job more efficiently.

A contingent asset must not be recognised as an asset in the financial statements. A: 正确 B: 错误

Assuming the standard deviation of market is 8%, of asset A is 25%，the Covariance of asset A and the market is 0.008. How much is the β of asset A A: 0.10 B: 1.25 C: 0.40 D: 1.60

The term accumulated depreciation, as used in accounting, is best defined as A: the portion of a plant asset recognized as expense since the asset was acquired. B: funds (or cash) set aside to replace the asset being depreciated. C: earnings retained in the business that will be used to purchase another asset when the present asset is depreciated. D: an expense of doing business.

If the tax base of an asset exceeds the asset"s carrying value and a reversal is expected in the future: A: a deferred tax asset is created. B: a deferred tax liability is created. C: neither a deferred tax asset nor a deferred tax liability is created.