For financial reporting to the IRS and other external users, manufacturing overhead costs are
a. deducted in the period that they are incurred.
b. inventoried until the related products are sold.
c. treated like period costs.
d. inventoried until the related products have been completed.
B
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Central Investments bought 4,000 shares of Benet Company common stock on January 1, 2018, for $20,000, and 4,000 shares of Roy Company common on July 1, 2018, for $24,000. Benet declared dividends on December 31, 2018 of $3,000. At the end of 2018, the fair value of Roy was $30,000 and the fair value of Benet was $28,000. At the end of 2019, the fair value of Roy was $32,000 and the fair value of Benet was $24,000. These investments are reported in the long-term asset section of Central's balance sheet. Central owns 8% of Benet Company and 12% of Roy Company. Assume that the Roy Company stock was sold during 2020 for $31,000. The proper accounting recognition at the date of sale was
A. a realized gain of $6,000. B. an unrealized loss $1,000. C. a realized gain of $7,000. D. a realized loss of $1,000.
Which of the following is NOT an acceptable design guideline that will help a viewer understand a graphic?
a. Write meaningful titles. b. Develop a consistent design. c. Incorporate a wide selection of typefaces and colors. d. All of the above are acceptable design guidelines.
Most project management software represents a project in AON format
Indicate whether the statement is true or false.
A(n) _____ refers to brands where at least one third of the product is sold outside the home country.
A. evoked set B. global brand C. equity brand name D. master brand E. ethnocentric trademark