Which of the following is a counterbalancing error?
A) understated depletion expense
B) bond premium under-amortized
C) prepaid expense adjusted incorrectly
D) overstated depreciation expenses
C
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All of the following are examples of economic events except
a. receiving raw materials from a supplier b. checking a customer's credit prior to processing a sales order c. disbursing cash for inventories received d. shipping product to a customer
Why is an organization’s history important?
a. Organizations need to learn from their mistakes b. Organizations should try to repeat what worked for them in the past c. It provides insight into how the organization evolved and developed its mission, values, and strategy d. It’s useful to explain to customers and stakeholders and is a valuable marketing tool
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions: Restin, Inc.Los Angeles DivisionBay Area Division Central Valley DivisionRevenues$750,000 $200,000 $235,000 $325,000 Variable operating expenses 410,000 110,000 120,000 180,000 Controllable fixed expenses 120,000 65,000 75,000 70,000 Noncontrollable fixed expenses 60,000 15,000 20,000 25,000 In addition, the company incurred common fixed costs of $18,000.Bay Area's segment profit margin is:
A. $14,000. B. $40,000. C. $18,000. D. $115,000. E. $20,000.
The Miranda warning insures that the criminal suspects understand their constitutional rights relating to A) search and seizure
B) self incrimination. C) double jeopardy. D) having a jury trial.