a ceo decides to change an accounting method at the end of the current year. the change results in reported profits increasing by 5% but the company's cash flows are not changing. if capital markets are efficient, then the stock price will:

Answers

Answer 1

Answer:

The stock price will not be affected by the accounting change.

Explanation:

Since it is assumed that the capital markets are efficient, the stock's market price is expected to reflect all available and relevant information.  This implies that all the necessary information is already incorporated into the stock price.  The CEO cannot deceive the market through this change in accounting method.  Therefore, the stock price will not be undervalued or overvalued.  Moreover, the change in accounting method only shifts the timing for reporting income.


Related Questions

MC Qu. 85 Gladstone Co. has expected sales of... Gladstone Co. has expected sales of $362,000 for the upcoming month and its monthly break even sales are $345,000. What is the margin of safety as a percent of sales, rounded to the nearest whole percent

Answers

Answer:

Margin of safety= $17,000

Explanation:

Giving the following information:

Expected sales= $362,000

Monthly break-even sales= $345,000

To calculate the margin of safety in dollars, we need to use the following formula:

Margin of safety= (current sales level - break-even point)

Margin of safety= 362,000 - 345,000

Margin of safety= $17,000

The F. Mercury, Capital account has a credit balance of $42,000 before closing entries are made. Total revenues for the period are $60,200, total expenses are $42,300, and withdrawals are $11,000. What is the correct closing entry for the expense accounts

Answers

Answer: Debit Income Summary $42,300; Credit Expense accounts $42,300

Explanation:

It should be noted that the expense accounts have a normal debit balance and therefore in such case will be closed by crediting of the accounts.

In such case, the income summary account will be debited, and the expenses account will then be credited.

Based on the information given, the correct closing entry for the expense accounts will be:

Debit Income Summary $42,300

Credit Expense accounts $42,300.

Discretionary fiscal policy will stabilize the economy most when Group of answer choices deficits are incurred during recessions and surpluses during inflations. deficits are incurred during inflations and surpluses during recessions budget surpluses are continuously incurred. the budget is balanced each year.

Answers

Answer:

deficits are incurred during recessions and surpluses during inflations

Explanation:

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. These policies are carried out in a recession when the government wants to increase total spending

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes . These policies are carried out in periods of inflation when the government wants to reduce money supply in the economy

what is the meaning of Neccesity​

Answers

Answer:h

Explanation:

the fact of being required or indispensable.

"the necessity of providing parental guidance should be apparent"

ur mom i neee to kow id yo momma a milf

Travis and Andrea were divorced in 2017. Their only marital property consisted of a personal residence (fair market value of $400,000, cost of $200,000), and publicly traded stocks (fair market value of $800,000, cost basis of $500,000). Under the terms of the divorce agreement, Andrea received the personal residence and Travis received the stocks. In addition, Andrea was to receive $50,000 for eight years. I. If the $50,000 annual payments are to be made to Andrea or her estate (if she dies before the end of the eight years), the payments will qualify as alimony. II. Andrea has a taxable gain from an exchange of her one-half interest in the stocks for Travis' one-half interest in the house and cash. III. If Travis sells the stocks for $900,000, he must recognize a $400,000 gain. a.I, II, and III are true. b.Only III is true. c.Only I and II are true. d.Only I and III are true.

Answers

Answer: B. b.Only III is true.

Explanation:

It should be noted that in order to qualify as an alimony, then the cash payments have to stop when the payer dies.

It should be noted that the $50,000 annual payments that are to be made to Andrea or her estate if she dies before the end of the eight years doesn't qualify as alimony.

Therefore, the correct option will be that If Travis sells the stocks for $900,000, he must recognize a $400,000 gain.

Therefore, only III is correct.

When the company assigns factory labor costs to jobs, the direct labor cost is debited to Factory Labor. Manufacturing Overhead. Work in Process Inventory. Direct Labor.

Answers

Answer: work in process inventory

Explanation:

The direct labor costs refers to the costs that is incurred by a company which has to do with the payment to the employees involved in the production activities of the company.

When a company assigns factory labor costs to jobs, then the direct labor cost is debited to the work in process inventory.

Select the correct answer.
Why does an organization prepare a Balance Sheet?
A.
to reveal what the organization owns and owes at a point in time
B.
to reveal how well the company utilizes its cash
C.
to calculate retained earnings for a given accounting period
D.
to calculate gross profit for a given accounting period

Answers

Answer:

d

Explanation:

to calculate gross profit for a given accounting period

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $90, $200, and $108, respectively. If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index

Answers

Answer:

2.25

Explanation:

Divisor = (Sum of prices after split) * Number of stocks / Sum of prices before split

Divisor = ($90 + $200/2 + $108) * 3 / $90 + $200 + $108

Divisor = $298*3 / $398

Divisor = $894 / $398

Divisor = 2.246231155778894

Divisor = 2.25

So, the new divisor for the price-weighted index is 2.25.

Physical-world observations are a type of information available to businesses today and include information gathered through Multiple Choice point of sale information. global positioning systems. enterprise resource planning data. customer relationship management systems.

Answers

Answer:

Option D (Customer relationship management systems) is the right option.

Explanation:

A management technique aimed at developing, strengthening, and strengthening connections with carefully scripted users just to optimize value proposition, business profitability but instead wealth maximization.It must be commonly used mostly for technology firms and technologies that assist throughout the management of external client contacts.

The other three options are not related to the given scenario. So option D is the correct one.

The available information for today's business such as Physical-world observations are information that can be assessed by D:Customer relationship management.

Customer relationship management can be regarded as technology that is needed to  manage the company's relationships as well as interactions with customers.

This system helps companies in having firm connection to customers for improved profitability.

Therefore, option D is correct.

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Epsilon Co. can produce a unit of product for the following costs: Direct material $ 8 Direct labor 24 Overhead 40 Total costs per unit $ 72 An outside supplier offers to provide Epsilon with all the units it needs at $60 per unit. If Epsilon buys from the supplier, the company will still incur 40% of its overhead. Epsilon should choose to:

Answers

Answer:

If the company produces the units, it will save $4.

Explanation:

First, we need to calculate the relevant cost of making the units in-house. We will consider only the incremental overhead cost:

Make in-house:

Direct material= 8

Direct labor= 24

Avoidable Overhead= 40*0.6= 24

Total cost= $56

Buying:

Total cost= $60

If the company produces the units, it will save $4.

Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $210,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $790,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $16,500. 4. All of the equipment on the assembly line in the plant was rearranged at a cost of $44,000. The re-arrangement clearly increases the productive capacity of the plant.Required: Prepare journal entries to record each of the above expenditures.

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Answer:

S/N    Journal Entries                                           Debit         Credit

1         Accumulated depreciation-Building      $210,000

                 Cash                                                                     $210,000

2        Building                                                    $790,000

                 Cash                                                                     $790,000

3        Maintenance expense                            $16,500

                 Cash                                                                      $16,500

4        Equipment                                               $44,000

                 Cash                                                                      $44,000

Price of beni’s house increased from 100,000 to 200,000 in the last decade. Cost of living quadrupled ( increased 4 times as much). What can you say about Beni’s house?

Answers

Answer:

Answer to type following question is as follows;

Explanation:

Real value = Nominal value / Inflation

Beni's house has gone up in value from 100,000 to 200,000 dollars in the previous ten years. The cost of living has quadrupled (raised fourfold). The home is now less expensive because, if it had appreciated at the same pace as all other products and services, it would have been four times more expensive ($400,000), but rather it is $200,000.

Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?​

Answers

Answer: Limited Liability

Explanation: Business owners' liability for debts is restricted to the amount they put into the business.

If a sales increase is forecasted, how will it affect expenses on the pro forma income statement if market conditions are expected to remain stable? There will be no effect on expenses. Expenses will decrease. It depends on the type of product being sold. Expenses will increase.

Answers

Answer:

Expenses will increase.

Explanation:

In this method, the revenue should be rised according to the forecasting method also the expense contains the similar percentage of revenue that was for the previous periods

So in the case when the revenue is increased so the expense should also be increased with the real terms

Therefore the last option is correct

Based upon the following data for a business with a periodic inventory system, determine the cost of merchandise sold for August. Merchandise inventory, August 1 $ 96,610 Merchandise inventory, August 31 100,530 Purchases 254,660 Purchases returns and allowances 13,340 Purchases discounts 6,320 Freight in 4,070Cost of Merchandise Sold for August = ______.

Answers

Answer:

Cost of merchandise = $235150

Explanation:

Below is the calculations:

Cost of merchandise = Opening inventory - ending inventory + purchases - purchase return - purchase discount + freight

Now plug the value in the above formula:

Cost of merchandise = 96610 - 100530 + 254660 - 13340 - 6320 +4070

Cost of merchandise = $235150

Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 30?A. Debit Common Stock $2,300; credit Cash $2,300.
B. Debit Common Stock $20; debit Treasury Stock $2,290; credit Cash $2,300.
C. Debit Common Stock $2,300; credit Treasury Stock $2,000; credit Paid-In Capital, Treasury Stock $300.
D. Debit Cash $2,300; credit Paid-in Capital, Treasury Stock $300; credit Treasury Stock $2,000.
E. Debit Cash $2,300; credit Treasury Stock $2,300.

Answers

Answer:

When shares are repurchased, they are recorded at the cost price in the books which means that they will be recorded at:

= 100 * 40

= $4,000

Cash will then be credited because assets are credited when they reduce.

Treasury stock will be debited to show that Equity is reducing.

Date                       Account Title                                 Debit                  Credit

June, 30                Treasury Stock                            $4,000

                               Cash                                                                       $4,000

the process of deciding what should be done, how and when it should be done and who should do it is known as

Answers

Answer:

Planning.

Explanation:

Management involves the control, planning and organization of the affairs of a business firm.

Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.

The four (4) main management activities are;

I. Organizing

II. Controlling

III. Motivating.

IV. Planning.

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

This ultimately implies that, planning is a strategic process which typically involves deciding what should be done, how and when it should be done and who should do it.

Hilda owes a significant amount of debt to a doctor's office, and they hired a collection agency to take up those claims. The collection agency calls frequently, sometimes as late as 1 a.m. or 2 a.m. on weekdays. In this case, the collection agency ____________________.

Answers

Answer: c. is violating the Fair Debt Collection Practices Act.

Explanation:

A person being in debt does not mean that they will lose their rights. They are still citizens and certain rights will be protected and these are shown in the Fair Debt Collection Practices Act.

One of the requirements of this Act is that debt collectors do not call between the hours 9pm and 8am as these hours are unreasonable to disturb people at. In calling Hilda at 1 am or 2 am therefore, this collection agency is in violation of the Act and can be sanctioned.

Which of the following is a false statement?
A. Certain states have no state income tax.
B. Depending on where you live, you may pay no state income taxes.
C. All states have a flat state tax.
D. Most states have state income tax

Answers

Answer:Its C.

Explanation:

Its C because only 11 states have flat taxes at the moment.

Answer is C. All states have a flat state tax. Not all states have flats state tax. Hope this helps !

Suppose that the owner of Boyer Construction is feeling the pinch of increased premiums associated with workersâ compensation and has decided to cut the wages of its two employees (Albert and Sid) from $25 per hour to $21 per hour. Assume that Albert and Sid view income and leisure as "goods," that both experience a diminishing rate of marginal substitution between income and leisure, and that the workers have the same before- and after-tax budget constraints at each wage. Albert and Sid's opportunity set is presented below:What is the value of A when the wage is $25?What is the value of A when the wage is $21?At the wage of $25 per hour, both Albert and Sid are observed to consume 14 hours of leisure (and equivalently supply 10 hours of labor). After wages were cut to $21, Albert consumes 12 hours of leisure and Sid consumes 16 hours of leisure. Determine the number of hours of labor each worker supplies at a wage of $21 per hour:Albert's supply of labor = _______Sid's supply of labor = ________How can you explain the seemingly contradictory result that the workers supply a different number of labor hours?A. Albert has no income effect, and Sid has no substitution effect when the wage declines to $21.B. Albert's substitution effect dominates his income effect when the wage declines to $21, and vice versa for Sid.C. Albert has no substitution effect, and Sid has no income effect when the wage declines to $21.D. Albert's income effect dominates his substitution effect when the wage declines to $21, and vice versa for Sid.

Answers

I don't know but please marks me as brainliests please...

Krenshaw Company reported total sales revenue of $80,000, total expenses of $72,000, and net income of $8,000 for the year ended December 31, 2009. During 2009, accounts receivable increased by $3,000, merchandise inventory decreased by $2,000, accounts payable increased by $1,000, and $5,000 in depreciation expense was recorded. Assuming no other adjustments to net income are needed, the net cash inflow from operating activities using the indirect method was:

Answers

Answer: $13000

Explanation:

Following the information provided in the question, the net cash inflow from operating activities using the indirect method will be calculated as follows:

Net Income = $8,000

Add: Depreciation expense = $5,000

Add: Decrease in inventory = $2,000

Add: Increase in account payable = $1,000

Less: Increase in account receivable (3,000)

Cash inflow from operating activities = $13000

Determine if the research is deductive or inductive: - If because of analysis of data collected, one infers that the problem of turnover can be minimized by three important factors: (i) flexible work hours; (ii) recognition of superior performance of workers through suitable merit pay raises; and (iii) enriching certain types of jobs. If a manager observes that people residing at distances beyond 50 miles from the workplace remain absent more frequently than those he knows to reside close by, and infers thereby that distance is a factor in absenteeism. Fares spent some time reviewing the literature on child behavior and focused particularly on theoretical explanations for gender differences he might expect to find in his upcoming study of children.

Answers

Answer:

1. Deductive

2. Inductive

3. Deductive

Explanation:

Deductive research is a form of reasoning that stems from existing theories that can be tested. Data is collected to test a theory and the results are analyzed. The first and third scenarios are deductive research works because there are existing theories or data that can be worked on. In the first instance, data on issues of turnover already exist. In the third scenario, there were theories to explain gender differences.

Inductive research proposes a theory after observation. This is applicable in the second instance where the manager proposes the theory that relates distance to absenteeism after close observation.

The following department data are available: Total materials costs $172000 Equivalent units of production - materials 50000 Total conversion costs $105000 Equivalent units of production - conversion costs 30000 What is the total manufacturing cost per unit

Answers

Answer:

6.94

Explanation:

The total cost of materials is $172,000

The equivalent unit of production materials is 50,000

The total conversion costs are $105,000

The equivalent unit of production is 30,000

Therefore the total manufacturingg costs per unit can be calculated as follows

172,000/50,000

= 3.44

105,000/30,000

= 3.5

3.44+3.5

= 6.94

epartments have estimated annual factory overhead costs of $256,000 and $480,000, respectively. The Fabrication Dept. expects 25,000 machine hours this year. The Assembly Dept. expects $592,000 DL cost this year. Calculate the factory overhead cost that will be charged to each unit of the two products using multiple production dept. factory overhead rates (round to nearest $0.00).

Answers

Answer:

Factory overhead cost charged to each unit:

                                                     Fabrication     Assembly

Factory overhead rates                  $10.24             $0.81

Machine hours per unit                   5

Direct labor cost per unit                                       $118.40

Factory overhead cost per unit   $51.20             $95.90

Explanation:

a) Data and Calculations:

                                         Fabrication            Assembly

Annual overhead costs  $256,000              $480,000

Expected machine hours   25,000                             0

Expected direct labor costs         0               $592,000

Overhead rates                $10.24                  $0.81

                         ($256,000/25,000)             ($480,000/$592,000)

Assuming number of units produced = 5,000

Each unit will consume   5 (25,000/5,000)   $118.40 ($592,000/5,000)

                                    machine hours           direct labor cost

Overhead cost per unit = $51.20                  $95.90

                                     ($10.24 * 5)               ($118.40 * $0.81)

A trial balance is a(n) (list/balance/chart)
of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of
account balances. Use one word for each blank.

Answers

Answer:

- List; credit

"A trial balance is a(n) list  of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of  credit account balances."

Explanation:

'Trial Balance' is described as the 'statement of the balances of all nominal accounts in a double-entry ledger.' It is primarily made with the aim to examine the equality in the debit, as well as, credit balances. As per the accounting rules, the total value of the debits must be equal to the total of credit values. Any difference or discrepancy in the balance signals that an error has been made in the calculation or making the entries and certain transactions are missed out. Thus, the correct words would be 'list and credit.'

What is probability and non probability sampling?

Answers

Explanation:

I hope this will help you.

Suppose Siam Traders has the following results related to cash flows for 2020:

Net Income of $7,200,000
Increase in Accounts Payable of $600,000
Increase in Accounts Receivable of $100,000
Decrease in Debt of $700,000
Depreciation Expenses of $2,000,000
Dividends Paid of $500,000
Decrease in Inventory of $1,000,000
Purchases of Property, Plant, & Equipment of $8,300,000
Other Adjustments from Financing Activities of -$100,000
Other Adjustments from Investing Activities of $400,000
Other Adjustments from Operating Activities of -$200,000

Requried:
Create a statement of cash flows with amounts in thousands.

Answers

Answer:

Siam Traders

Siam Traders

Statement of Cash Flows (in thousands)

Operating Activities:

Net Income                                                                $7,200

Non-cash adjustment:

Depreciation Expenses                                            $2,000

Increase in Accounts Receivable                               ($100)    

Decrease in Inventory                                              $1,000

Increase in Accounts Payable                                    $600  

Other Adjustments from Operating Activities         ($200)

Net cash from operating activities                        $10,500

Investing Activities:

Purchases of Property, Plant, & Equipment         ($8,300)  

Other Adjustments from Investing Activities           $400

Net cash from investing activities                        ($7,900)

Financing Activities:

Decrease in Debt                                                     ($700)  

Dividends Paid                                                         ($500)  

Other Adjustments from Financing Activities of    ($100)

Net cash from financing activities                        ($1,300)

Net cash flows                                                        $1,300

Explanation:

a) Data and Calculations:

Net Income of $7,200,000

Increase in Accounts Payable of $600,000

Increase in Accounts Receivable of $100,000

Decrease in Debt of $700,000

Depreciation Expenses of $2,000,000

Dividends Paid of $500,000

Decrease in Inventory of $1,000,000

Purchases of Property, Plant, & Equipment of $8,300,000

Other Adjustments from Financing Activities of -$100,000

Other Adjustments from Investing Activities of $400,000

Other Adjustments from Operating Activities of -$200,000

Operating Activities:

Net Income of $7,200,000

Depreciation Expenses of $2,000,000

Increase in Accounts Receivable of $100,000    

Decrease in Inventory of $1,000,000

Increase in Accounts Payable of $600,000  

Other Adjustments from Operating Activities of -$200,000

Investing Activities:

Purchases of Property, Plant, & Equipment of $8,300,000  

Other Adjustments from Investing Activities of $400,000

Financing Activities:

Decrease in Debt of $700,000  

Dividends Paid of $500,000  

Other Adjustments from Financing Activities of -$100,000

Qualcomm (QCOM) is expected to generate annual earnings per share of $3.70 and is currently trading for $62.64. Assuming that investors require a return of 13% for QCOM stock, what is the approximate fractional amount of the current stock price reflected in PVGO

Answers

Answer: 0.55

Explanation:

Based on the information given, the approximate fractional amount of the current stock price reflected in PVGO will be calculated thus;

Earning per share, EPS = $3.70

Price per share, P= $62.64

Rate of return, k = 13%

Therefore,

PVGO = Price per share - (Earnings per share/Rate of return)

PVGO = P-EPS/k

= 62.64 - 3.70/13%

= 62.64- 28.46

= $34.18

Since it's to be represented as a fraction, this Will be:

= 34.18/62.64

= 0.55

Consider an auctioneer who is selling an item through an auction. It is known that the 25 risk-neutral bidders have affiliated values that are distributed between $0 and $500 million. Based on this information, the auction type that will maximize expected revenue is:____.
1. English auction.
2. second-price, sealed-bid auction.
3. first-price, sealed-bid auction and Dutch auction.
4. English auction and second-price, seal-bid auction.

Answers

Answer:

2. second-price, sealed-bid auction.

Explanation:

In the given situation, it is mentioned that there is 25 risk -neutral bidders that contains the affiliated values and the same is to be allocated between $0 and $500 million

So, here the type of an action that could maximize the expected revenue is the second price i.e. sealed bid auction as in this the bidder provides the maximum price that received the good in the second maximum price

Therefore, the second option is correct

On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to Oakley inventory that SH had purchased for $1,000. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What is the amount of cash paid by SH to Oakley

Answers

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

Other Questions
phn tch mt s im cn trnh khi sp xp b cc tranh Write the expression as an exponent with a base 2 and find its value:2^4*2 A man ordered 5 times as many boxes of ballpoint pens as boxes of felt-tip pens. Ballpoint pens cost $ 4.33 per box, and felt-tip pens cost $.3.45 If the man's order of pens totaled $75.30, how many boxes of each type of pen did he buy? HELP!!! 15 points. picture below Find the value of y if [2is 130 and [4is 2y.142.3 what planet needs oxygen in order for individuals to live on ? Which of the following considerations is related to sociocultural environment Kamal made a scale drawing of a house. The scale of the drawing was 7 inches : 3 feet. A rug in the hallway is 6 feet long in real life. How long is the rug in the drawing? Which tools would be most beneficial to you and your family to gather information in preparation for anemergency in the future? Who was the leader of the Republicans? How did they differ from the Federalists? solve the expression given identify the number line witch represents the salutation -5+2-3 3. PART A: What is the meaning of the word "unscrupulous as used in paragraph 14? Common lit McCarthyismA impolite B corrupt C aggressive D shameless Which of the two-dimensional cross sections listed below could be created by cutting a cube with a plane?Select all that apply.pentagoncirclesquarehexagonrectangletriangle A sample of oxygen gas has a volume of 89.6 L at STP. How many moles of oxygen gas are present ? For a given event, what is the result of dividing the number of successfuloutcomes by the number of possible outcomes?A. OutcomesB. Probabilityhc. Sample spaceD. Empirical data all of the areas belong to the _______ hemisphere of the______ write and expression for the perimeter of a rectangle with length L and width 6 choose the dependent clauses of the following sentences. 1. Unless rachel goes with us, we won't know how to get there. 2. the vehicles which collided were new. What observations did you make about the Egyptian art piece? What inferences can you make from these observations? In the late 1950's the Hebgen Lake earthquake outside of Yellowstone triggered a mass wasting event. The landslide originated on steep mountains slopes where rocks slid off a surface and descended to the valley floor in a few seconds, burying a campground and many people staying there. This type of landslide would be called ________.