A transition that indicates a time sequence would use which of the following choices?
A) That is, as I mentioned earlier
B) After, when, meanwhile
C) In this case, for instance
D) Yet, conversely, nevertheless
E) Because, accordingly, as a result
Answer: B
Explanation: B) A time sequence can be expressed by words such as formerly, after, when, meanwhile, sometimes.
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The following information relates to Aracely Inc at December 31 . 2014: Fair value of plan assets ............................. $1,520,000 Market related asset value ............................ 1,440,000 Accumulated benefit obligation ........................ 1,960,000 Projected benefit obligation .......................... 2,040,000 Unrecognized prior service cost ....................... 24,000
The total pension liability at December 31 . 2014, for Aracely Inc is a. $0. b. $440,000. c. $480,000. d. $520,000.
Last year, Garrison Manufacturing sold 250,000 units at $8 each. Both sales volume and sales price are expected to increase by 15 percent in the upcoming year. The expected sales revenue for the upcoming year is:
A) $2,645,000 B) $2,300,000 C) $2,000,000 D) $1,955,000
A company has net sales of $834,000 and cost of goods sold of $553,000. Its net income is $99,600. The company's gross margin and operating expenses, respectively, are:
A. $281,000 and $371,800 B. $181,400 and $99,600 C. $281,000 and $181,400 D. $652,600 and $181,400 E. $281,000 and $99,600
The statement of stockholders' equity has more information than the statement of retained earnings because it reports the changes in all stockholders' equity accounts
Indicate whether the statement is true or false