1 . One of the following doesn't have finite useful life Select one: O a. building O b. Acquired mailing list c. land O d. Machines

2 . For its fiscal year - end, Palestine Corporation reported net income of $ 300 million and a weighted average of 50,000,000 common shares outstanding. There are 3,000,000 convertible preferred shares that paid an annual dividend of $ 5. Each preferred share convertible into two shares of the common stock. The diluted EPS is closest to: Select one: a. $ 5.70. O b. $ 3.70. O c. $ 5.36. O d. $ 5.01.

3 . Under FIFO method, and when the prices are increasing, the Ending Inventory AND the Cost of goods sold will be (comparing to other methods)? Select one: O a. Lowest, Highest (Respectively) O b. Highest, Lowest (Respectively) c. Both Highest O d. Both Lowest e. Middle, Highest (Respectively)

4 . Company chooses to change an accounting policy. This change requires that, if practical, the company restate its financial statements for: Select one: O a. current and future periods. b. Prior periods shown in a report. O c. all prior periods.

5 .One of these item is least likely to be treated as other comprehensive income: Select one: O a. Certain costs of a company's defined benefit post - retirement plans that are not recognized in the current period. O b. Foreign currency translation adjustments c. Unrealized gains or losses on derivatives contracts accounted for as hedges. d. Unrealized gain or loess on derivatives contracts accounted for trading Clear my choice

Please solve the questions as soon as possible