Dividends Payable is an example of a(n)
a. contingent liability.
b. definitely determinable liability.
c. estimated liability.
d. long-term liability.
B
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An anti-takeover tactic called a ________ is when a firm offers to buy shares of their stock from a company planning to acquire their firm at a higher price than the unfriendly company paid for it.
A. golden parachute B. poison pill C. scorched earth D. greenmail
Which of the following is not an indicator that a company may be an agent?
A) The company provides goods or services to customers. B) The company does not have inventory risk. C) The company's consideration is in the form of a commission. D) The company does not have discretion in establishing prices for goods and services.
A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours would the plant have to work to produce 1000 parts?
A) less than 2 hours B) between 9 and 10 hours C) between 2 and 6 hours D) between 6 and 8 hours E) between 8 and 9 hours
A manager is more likely to investigate the variance for a cost that is controllable by someone in the organization than one that is not.
Answer the following statement true (T) or false (F)