In which section of the balance sheet would Treasury Stock be reported?
A) Fixed assets
B) Long-term liabilities
C) Stockholders' equity
D) Intangible assets
C
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Which of the following is an advantage of probability sample?
A) It produces results of statistically measurable accuracy. B) It is easy to select elements from a population on a probability bias. C) It is easier to implement than a quota sampling method. D) It does not require a sample selection on random basis.
Many company and brand Web sites also serve as online brand communities, where customers can congregate and exchange brand-related interests and information
Indicate whether the statement is true or false
A responsibility center in which a manager is responsible for both revenues and costs is a(n)
A) cost center. B) revenue center. C) profit center. D) investment center E) center not presented here.
Kirsten believes her company's overhead costs are driven (affected) by the number of direct labor hours because the production process is very labor intensive. During the period, the company produced 5,000 units of Product A requiring a total of 1,600 labor hours and 2,500 units of Product B requiring a total of 400 labor hours. What allocation rate should be used if the company incurs overhead costs of $20,000?
A. $12.50 per labor hour for Product A and $50 per labor hour for Product B B. $2.67 per unit C. $10 per labor hour D. None of these.