An operating segment is significant and reportable if it satisfies at least one of three tests. Which of the following is not one of those three tests?
A) profit test
B) revenue test
C) asset test
D) ratio test
D
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Sturbridge Company manufactures fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following is an indirect cost, assuming the cost object is the Clock Department?
A. Salary of the clock production supervisor B. Depreciation on clock-making equipment C. Depreciation on the factory building D. All of the answers are correct.
Although the growth rates of nonrenewable energy sources slowed after the 2009 global financial crisis:
A. renewables slowed only in Europe. B. renewable energy's growth did not slow as a result of the financial crisis. C. the Middle East and Africa used the slowdown to increase exploration. D. South American nations nationalized nonrenewables to support their growth.
Which of the following is NOT a key dimension of buyer-seller relationships in business markets?
A. information sharing B. relationship-specific adaptations C. legal bonds D. joint inspection E. operational linkages
On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits entered in the Raw Materials account during the month of December total:
A. $86,000 B. $62,000 C. $60,000 D. $26,000