A corporation is required to have at least one class of stock with voting rights.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Answer the following statements true (T) or false (F)
1. The Work-in-Process Inventory account of a department is credited when overallocation of manufacturing overhead occurs in that department. Process costing is used. 2. A predetermined overhead allocation rate is used to allocate direct materials costs to various processes or departments. Process costing is used. 3. The adjusting entry for overallocated or underallocated manufacturing overhead is usually prepared at the beginning of the accounting period. Process costing is used. 4. The production cost report for Department 1 shows that $159,000 was assigned to the 38,000 units transferred to Department 2. This transfer cost assigned to units transferred to Department 2 is recorded with a debit to Work-in-Process—Department 1. Process costing is used 5. The production cost report for Department 1 shows that $154,000 was assigned to the 36,000 units transferred to Department 2. This transfer cost assigned to units transferred to Department 2 is recorded with a debit to Work-in-Process—Department 2. Process costing is used.
The student body of a large university consists of 60% female students. A random sample of 8 students is selected. What is the probability that among the students in the sample exactly two are male?
A. 0.0896 B. 0.2090 C. 0.0413 D. 0.0007
How did the 1916 case of MacPherson v. Buick Motor Co. lead to the elimination of the privity requirement?
What will be an ideal response?
The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained earnings? Retained earnings$147,000?Dividends 50,000?Fees earned 245,000?Depreciation Expense-Equipment 15,925?Wages expense 93,100?Interest expense 4500?Insurance expense 15,300?Rent expense 31,850?
A. $48,000. B. $34,325. C. $84,325. D. $97,000. E. $50,250.