Understandability is a characteristic that is
A) a secondary and interactive quality
B) a threshold for recognition
C) an overall quality
D) an enhancing quality
D
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How should the gain or loss that is considered infrequent be disclosed?
A) separately in the income statement immediately after income from continuing operations B) on a net-of-tax basis in the income statement immediately after income from continuing operations C) as an contingency item in the footnotes D) separately in the income statement as a component of income from continuing operations
The Roger's Company incurred the following costs in the acquisition factory production equipment: Invoice price $2,675 Purchase discount lost 75 Freight-in 400 Installation 750 Cost of trial runs 150 What is the capitalizable cost of the equipment?
A) $4,050 B) $3,900 C) $3,825 D) $2,675
Categorize each of the following activities into the expenditure, conversion or revenue cycles and identify the applicable subsystem
a. Preparing the weekly payroll for manufacturing personnel. b. Releasing raw materials for use in the manufacturing cycle. c. Recording the receipt of payment for goods sold. d. Recording the order placed by a customer. e. Ordering raw materials. f. Determining the amount of raw materials to order.
Which of the following describes a pickling solution?
A. shapes. B. photographs. C. shades. D. patterns.