QUESTION 28 When using Altman's Z-Score a Type II error occurs when: O A. The company's Z-score indicates the company is healthy, and the company stays healthy OB. The company's Z-score indicates the company is healthy, and the company goes bankrupt OC. The company's Z-score indicates the company will go bankrupt, and the company stays healthy OD. The company's Z-score indicates the company will go bankrupt, and the company stays bankrupt E. None of the above is correct QUESTION 29 Costco Wholesale Corporation collects annual non-refundable membership fees from customers. When should Costco recognize revenue for these membership fees? A. Evenly over the membership year B. Evenly over the current fiscal year C. At the end of the membership year when Costco has discharged its obligation to the customer D. Pro rata over the customer's actual purchasing pattern E. Immediately when cash is received because the fees are nonrefundable QUESTION 30 The annual report of Leahy Enterprises included the following disclosure: During this fiscal year, the U.S. dollar strengthened relative to the other principal currencies in which we transact business with the exception of the Indian rupee. What effect did these currency fluctuations have on Leahy Enterprises consolidated income statement? A. Net profit of the Indian subsidiary will be higher B. Net profit of the Indian subsidiary will be lower OC. Net assets of the subsidiaries that report in the other principal currencies will be higher Net assets of the subsidiaries that report in the other principal currencies will be lower E. None of the above is correct