According to the text, hypotheses related to differences in population means if the population variance is unknown can be tested using the ________
A) F distribution
B) p distribution
C) t distribution
D) z distribution
E) chi-square distribution
C
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Assume that a firm's book value at the beginning of the year is $17,800 and that the firm reports net income of $6,200 . If the firm's book value at the end of the year is $20,000 what was the amount of dividends paid during the year?
a. $4,000 b. $8,800 c. $2,200 d. Insufficient information to determine
Comparing activity-based management (ABM) and lean operations, all of the following are correct except
a. both identify value-adding and nonvalue-adding activities. b. ABM uses a more complex accounting system. c. both are activity-based systems. d. JIT focuses on the accuracy of cost assignment.
Tara, a student who is researching forensic accounting, is preparing to interview an experienced accountant. To conduct an effective interview, Tara should ________
A) learn as much as possible about the field before the interview B) try to do most of the talking during the interview to put the interviewee at ease C) ask as many yes-or-no questions as possible to make things easier for the interviewee D) engage the accountant in a debate to display her knowledge
A controlled foreign corporation (CFC) is incorporated in Country B, and is 100% owned by American Manufacturing Corporation. It purchases raw materials from its U.S. parent corporation, manufactures widgets, and sells 70% of the widgets to unrelated purchasers in Country A and 30% to unrelated purchasers in Country B. All widgets will be used in the countries in which they are purchased. The sales produce $100,000 of taxable income. The foreign-based company sales income reportable by American Manufacturing Corporation under the Subpart F rules is
A. $0. B. $70,000. C. $30,000. D. $100,000.