Which of the following properly portrays the components of net position for proprietary funds?
A. Net investment in capital assets, Reserved, Unreserved.
B. Net investment in capital assets, Restricted, Unrestricted.
C. Designated, Undesignated, Restricted, Unrestricted.
D. Contributed capital, Net investment in capital assets, Reserved, Unreserved.
Answer: B
You might also like to view...
A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balancemethod?
a. $17,500 b. $18,750 c. $37,500 d. $16,667
Generalized audit software packages perform all of the following tasks except
a. recalculate data fields b. compare files and identify differences c. stratify statistical samples d. analyze results and form opinions
Reliable Car Parts, a manufacturer of spare parts, has two production departments—Assembling and Packaging. The Assembling Department is mechanized, while the Packaging Department is labor oriented. Estimated manufacturing overhead costs for the year were $15,100,000 for Assembling and $10,500,000 for Packaging. Calculate the department predetermined overhead allocation rates for the Assembling and Packaging Departments, respectively, if the total estimated machine hours were 45,000 and labor hours were 22,000 for the year. (Round your answer to the nearest cent.)
A) $686.36, $233.33 B) $335.56, $477.27 C) $233.33, $686.36 D) $335.56, $686.36
________ features are features expected for products in that category
A) Premium B) Blockbuster C) Technology D) Parity