When shopping with her friend, Kristina chooses the same products that her friend likes and buys. This is an example of ________ affecting the actual choice decision.
A. social circumstances
B. time circumstances
C. state of mind
D. biorhythms
E. physical surroundings
Answer: A
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If bonds were initially issued at a premium, the carrying value of the bonds on the issuer's books will
a. decrease as the bonds approach their maturity date. b. increase as the bonds approach their maturity date. c. remain constant throughout the bonds' life. d. fluctuate throughout the bonds' life.
The use of departmental overhead rates will generally result in:
A. The use of a separate cost allocation base for each activity in the factory. B. The use of a separate cost allocation base for each month. C. The use of a separate cost allocation base for each department in the factory. D. The use of a single cost allocation base. E. The use of a single overhead cost pool for the factory.
Under MACRS, an asset which originally cost $100,000, incurred installation costs of $10,000, and has an estimated salvage value of $25,000, is being depreciated using a 5-year normal recovery period. What is the depreciation expense in year 1?
A) $15,000 B) $12,750 C) $11,250 D) $22,000
Harvey Hadley conveyed a parcel of property in the city of Fairlywell Downs to Carl Bland and Dirk Pitts. The granting clause of the deed stated that Carl and Dirk take the property jointly. Neither Carl nor Dirk signed the deed. a . What is the nature
of the joint ownership interest of Carl and Dirk? Explain? b. Of what impact is it that neither Carl nor Dirk signed the deed? Explain? c. If the property were still in escrow, of what effect would a recorded tax lien be?