What is the name given to laws passed by a government?
A) common law
B) canon law
C) stare decisis
D) statutes
E) equity
D
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In general, FASB standards concerning property, plant, and equipment are similar to the international accounting standards, with two important differences
a. True b. False Indicate whether the statement is true or false
Describe how one can “step into the shoes” of another in order to empathize
What will be an ideal response?
Select the greatest advantage of horizontal channel integration.
A. The flexibility of the channel is decreased. B. The markets are more heterogeneous. C. The expanded number of units is coordinated. D. Efficiencies in advertising, marketing research, and purchasing are increased. E. Planning and research are increased to cope with increased competition.
Gordin Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $27.60 Wages and salaries$2,000 $5.20Food and supplies 800 10.20Facility expenses 8,500 3.70Administrative expenses 6,000 0.10Total expenses$17,300 $19.20?Actual results for May: Revenue$86,322Wages and salaries$17,984Food and supplies$32,444Facility expenses$19,554Administrative expenses$6,162?The activity
variance for administrative expenses in May would be closest to: A. $2 F B. $138 U C. $2 U D. $138 F