Total factor productivity:

A. includes materials and labor but not overhead.
B. is a ratio of the value of output to the value of all key inputs.
C. is the same thing as the production volume variance.
D. focuses on an individual input.


Answer: B

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A debit:

A. Always decreases an account. B. Always increases liability accounts. C. Is the left-hand side of a T-account. D. Always increases an account. E. Is the right-hand side of a T-account.

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Potion Corporation acquires 30% of the outstanding voting common shares of the Formula Corporation for $600,000 . Potion Corporation acquires the investment in Formula Corporation by buying previously issued shares of Formula Corporation from other investors. Between the time of the acquisition and the end of Potion Corporation's next accounting period, Formula Corporation reports earnings of

$80,000; and pays a dividend of $30,000 to holders of its common stock. Formula Corporation reports earnings of $100,000 and pays dividends of $40,000 during the subsequent accounting period. During the next accounting period, Potion Corporation sells one-fourth of its investment in Formula Corporation for $165,000 . After the sale, the balance in the Investment in Stock of Formula Corporation account is: a. $462,750 b. $465,750 c. $474,750 d. $481,750 e. $486,750

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Function point analysis is a system for estimating the size of software projects based on the number of lines of code a typical programmer can write in a day

Indicate whether the statement is true or false

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Judges in courts of equity can apply equitable maxims—which are propositions or statements that provide a guide to a judge's exercise of his or her discretion

Indicate whether the statement is true or false

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