What are the minimum age and service requirements that can be imposed on employees eligible to participate in a retirement plan?
A) age 18 and 6 months of service
B) age 21 and 1 year of service
C) age 21 and 3 years of service
D) age 25 and 4 years of service
Answer: B
Business
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On January 1, 2016, Pistachio purchased an asset that had an estimated residual value of $700 after an economic life of four years. Pistachio used sum-of-the-years'-digits depreciation and recorded $1,560 of depreciation expense in 2018. What was the cost of the asset?
A) $5,900 B) $7,100 C) $4,500 D) $8,500
Business
Variances from standard costs are usually reported to:
A) suppliers B) stockholders C) management D) creditors
Business
Which of the following statements is NOT true in regards to non-posting accounts?
Business
A controllable variable is also called a ________ variable
Fill in the blanks with correct word
Business