Stephen Company uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 5,000 units that were 65 percent complete with respect to conversion costs. Ending work in process inventory consisted of 5,000 units that were 70 percent complete with respect to conversion costs. If 12,000 units were transferred to the next processing department during
the period, the equivalent units for conversion costs would be
A) 13,750 units.
B) 12,250 units.
C) 10,250 units.
D) 13,000 units.
B
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Statements such as "All ________ are lazy" is an example of
A) tokenism B) overt racism C) symbolic racism D) arm's-length racism
How should these stock rights be treated in earnings per share calculations for the year ending December 31 . 2012?
a. The stock options are antidilutive and should not be included either in basic and diluted earnings per share. b. The stock options are dilutive and should be included both in basic and diluted earnings per share. c. The stock options are dilutive and should be included both in basic and diluted earnings per share in the amount of 333 shares. d. The stock options are dilutive and should be included only in diluted earnings per share in the amount of 333 shares.
Imagine you are writing a report that describes the total sales for the northern, southern, and eastern regions of your company. Next to the text, you add a table that shows the sales for each of your six product categories for the three regions. Which relationship between text and graphics are you using?
A. redundant B. complementary C. supplementary D. juxtaposition
Accounting transactions are recorded chronologically in a:
a. journal b. ledger c. financial statement d. bookkeeper’s ledger e. general ledger