Which of the following is NOT one of the four types of organizational teams?
A) service teams
B) action teams
C) production teams
D) project teams
E) advice teams
Answer: A
Explanation: A) Service teams are not one of the four types of organizational teams.
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Tomas and Saturn are partners who share income in the ratio of 3:1 . Their capital balances are $40,000 and $60,000 respectively. Income summary has a credit balance of $20,000 . What is Saturn's capital balance after closing income summary to capital?
a. $55,000 b. $75,000 c. $45,000 d. $65,000
Give an example of discriminative listening.
What will be an ideal response?
All investment expenses are itemized deductions.
Answer the following statement true (T) or false (F)
When underapplied or overapplied overhead is a large amount, how should it be treated?
a. Spread among work in process, finished goods and cost of goods sold accounts. b. Divided equally between work in process and finished goods. c. Placed in cost of goods sold. d. Divided equally between cost of goods sold and work in process. e. The amount is carried forward to the next accounting period.