When preparing a statement of cash flows using the indirect method, an increase in accounts receivable is deducted from net income
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of the total office expenses that should be allocated to Drilling for the current period is:
A. $45,000. B. $35,750. C. $600,000. D. $54,250. E. $90,000.
Laura was employed by Style Unlimited a noted fashion house in Toronto as a fashion
stylist. Her contract of employment with the company provided that upon leaving the employment, she is prohibited from opening up a rival business for the next ten years in any part of Canada. Laura has recently moved to Vancouver and plans to open up her own fashion company. Which of the following is correct? A) The restraint will only be enforced if Style Unlimited can prove that Laura received independent legal advice prior to agreeing to it. B) The restraint will be strictly enforceable against Laura unless she can prove that it is not in her best interests. C) A court will likely find the restraint unreasonable D) Laura can be restrained from opening up her own business E) The restraint will not be enforceable against Laura unless Style Unlimited can show that it is in its best interests.
A partnership can only be formed voluntarily
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Knowledge management is becoming a key to exploiting the intellectual assets of organizations
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