What are the guidelines for selecting tables vs graphs?
What will be an ideal response?
Use tables for: Reading individual data values.
Use graphs for: Providing a quick summary of data; detecting trends over time; comparing points and patterns of different variables; forecasting activities; reporting vast amounts of information when relatively simple impressions are to be drawn.
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Which one of the following requires interperiod tax allocation?
A) Premium paid on key executives' life insurance B) Warranty expenses related to a three-year warranty period C) Interest received on municipal obligations D) Percentage depletion in excess of cost depletion
What is scavenging?
Generally, consumer goods are either ________ or ________
A) convenience products; staples B) durable goods; nondurable goods C) industrial products; packaged goods D) shopping products; impulse products E) shopping products; convenience products
A ten-year bond has a face value of $10,000, a face interest rate of 11 percent, an unamortized bond premium of $400, and an effective interest rate of 10 percent. The bonds were issued on one of its semi-annual interest payment dates. The entry to record the bond interest expense on the first semi-annual interest payment date is : (assuming the effective interest method of amortization),
A) Bond Interest Expense 520 Unamortized Bond Premium 30Cash 550 B) Bond Interest Expense 520 Cash 520 C) Bond Interest Expense 550 Cash 550 D) Unamortized Bond Premium 520 Cash 520