Vince Inc. changed from the double-declining balance to the straight-line method of depreciation during 20x3. Total depreciation expense for previous years under the double-declining balance method totaled $29,000. Vince Inc. calculated that if the straight-line method had been used, depreciation would have totaled $17,000. Vince Inc. is taxed at a rate of 34 percent. What is the cumulative effect of the accounting change that should be reported on Vince's income statement for the year ended 20x3?

Which financial statement provides information about a company's operating, investing, and financing activities?

A put on stock X with a strike price of $40 is priced at $2.00 per share, while a call with a strike price of
$ 40 is priced at $3.50. What are the maximum per share loss to the writer of the uncovered put and the maximum per share gain to the writer of the uncovered call?
Maximum Loss to Put Writer : Maximum Gain to Call Writer

Technical analysts assume the markets are ______ while fundamental analysts assume the markets are ______.

You meet a friend at lunch. He tells you that his firm, XYZ, has just landed a government contract that will double revenues at the firm. This will be announced at a news conference tomorrow.
I). You should advise clients to buy the stock as soon as you return to the office.
II). You should encourage your friend to disclose this information immediately.
III). You should refrain from trading on the information until it is publicly released.