Which of the following cost flow assumptions most closely follows the logical product flow in a process costing environment?
A) Average
B) LIFO
C) FIFO
D) HIFO
C
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The extra collateral the Fed requires above the value of a discount loan is known as
A. the term premium. B. a haircut. C. a covenant. D. secondary credit.
Which of the following is true of the burden of proof in a criminal trial?
A. It is placed on the defendant. B. It must be "beyond a reasonable doubt." C. It is similar to that for civil cases. D. During the closing of a case, when the defendant's attorney goes first, he or she has the burden of proof.
A $100 specific tariff provides home producers more protection from foreign competition when
a. the home market buys cheaper products rather than expensive products. b. it is applied to a commodity with many grade variations. c. the home demand for a good is elastic with respect to price changes. d. it is levied on manufactured goods rather than primary products.
One type of stock enables the shareholder to get his or her usual dividend. Then, after the common shareholders receive their normal dividend, he or she is able to share in any additional income with the common shareholders. This type of stock is ________.
A. participating preferred B. cumulative to the extent earned C. cumulative preferred D. noncumulative preferred