Which of the following is NOT a long-term, joint FASB–IASB project?
a. Derecognition
b. Fair value measurement
c. Accounting for income taxes
d. Accounting and reporting for intangible assets
C
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Psychologists use the term ________ complexity to refer to the complexity of cognitive rules that a person employs to process information.
Fill in the blank(s) with the appropriate word(s).
Wang's Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $325,000 and budgeted machine-hours were 13,000. Actual factory overhead was $312,330 and actual machine-hours were 12,660. Before disposition of over- or underapplied overhead, the cost of goods sold was $725,000 and ending inventories were as follows: WIP$150,000 Finished goods 375,000 Total$525,000 Required:a. Compute the amount of overhead applied to production.b. Prepare the journal entry to dispose of the over/underapplied overhead using the write-off to cost of goods sold approach.c. Prepare the journal entry to dispose of the over/underapplied overhead using the proration approach.
What will be an ideal response?
Under CERCLA the Superfund money is spent:
a. on a first come first served basis. b. based in part on a national priorities list. c. in chronological order from the date of the discovery. d. according to the allocation voted by Congress.
Which survey research method typically has the best response rate?
a. face-to-face interviews b. mail surveys c. telephone surveys d. Internet surveys