Expenses can be matched against revenue
a. if the earnings process is not complete.
b. when cash is collected from the sale of products.
c. through allocation to the accounting periods in which the benefits are recognized.
d. when payment is made for costs related to revenue.
c
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During the current year, George recognizes a $30,000 Sec. 1231 gain on sale of land and a $18,000 Sec. 1231 loss on the sale of land. Prior to this, George's only Sec. 1231 item was a $14,000 loss six years ago. George must report a
A. $14,000 ordinary income. B. $12,000 net LTCG. C. $10,000 ordinary income and $2,000 net LTCG. D. $12,000 ordinary income.
The Ahmadi Corporation wants to increase the productivity of its line workers. Four different programs have been suggested to help increase productivity. Twenty employees, making up a sample, have been randomly assigned to one of the four programs and their output from a day's work has been recorded. You are given the results (in units/day) below.
Program A Program B Program C Program D 150 150 185 175 130 120 220 150 120 135 190 120 180 160 180 130 145 110 175 175 ? a.State the null and alternative hypotheses.b.Construct an ANOVA table.c.As the statistical consultant to Ahmadi, what would you advise them? Use a .05 level of significance. Use both the critical and p-value approaches.d.Use Fisher's LSD procedure and determine which population mean (if any) is different from the others. Let ? = .05. What will be an ideal response?
Downy Airlines discloses the funded status of pension plans and the health and life insurance plans for two recent years. Both the pension plan and other benefit plans are underfunded. The underfunded amounts for these plans appear in
a. current assets and noncurrent assets on the balance sheet. b. current liabilities and noncurrent liabilities on the balance sheet. c. shareholders' equity on the balance sheet. d. revenue on the income statement. e. expenses on the income statement.
Implicit service, as part of a goods–service, includes which of the following?
a. Bank building b. Transportation c. Convenience d. Food in a restaurant