One of the limitations of a not-for-profit corporation is that it cannot have stockholders.
Answer the following statement true (T) or false (F)
True
One of the limitations of a not-for-profit corporation is that it has members (who may pay dues) but cannot have stockholders. See 6-4: Corporations: The Advantages and Disadvantages of Being an Artificial Person
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Ria, a college sophomore, writes a daily blog that typically has over 50,000 readers each week. Ria is an example of a microcelebrity
Indicate whether the statement is true or false
Debt guarantees are:
A. Considered to be an unearned revenue. B. Recorded as liabilities even though it is highly unlikely that the original debtor will default. C. Considered to be contingent liabilities. D. A bad business practice. E. Never disclosed in the financial statements.
Content marketing is extremely important for businesses that want to deliver valuable content for their customers. Provide arguments to justify this statement
What will be an ideal response?
Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials$47,000 Work in process 20,000 Estimated total manufacturing overhead at the beginning of the year$646,250 Estimated direct labor-hours at the beginning of the year 47,000direct labor-hours Results of operations: Raw materials purchased on account$538,000 Raw materials (all direct) requisitioned for use in production$535,000 Direct labor cost$699,000 Actual direct labor-hours 37,000direct labor-hoursManufacturing overhead: Indirect labor cost$134,000 Other manufacturing overhead costs incurred$453,000 Cost of goods manufactured$1,568,000 How much is the ending balance in the Raw
Materials inventory account? A. $97,000 B. $47,000 C. $585,000 D. $50,000