According to SFAS No. 34, "Capitalization of Interest Cost," interest should be capitalized for assets that are
a. in use or ready for their intended use in the earnings activities of the enterprise.
b. being constructed or otherwise being produced as discrete projects for an enterprise's own use.
c. not being used in the earnings activities of the enterprise and that are not undergoing the activities necessary to get them ready for use.
d. routinely produced on a repetitive basis for inventory but require an extended period of time for completion.
B
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A(n) _____ problem is one in which an optimal solution can be reached through a single set of steps.
Fill in the blank(s) with the appropriate word(s).
Modified integrative bargaining is a strategy in which the parties begin with integrative bargaining and then turn to distributive bargaining for any issues where they were not able to find common ground.
Answer the following statement true (T) or false (F)
Bacon Financial Advisors provides accounting and finance assistance to customers in the retail business. Bacon has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $573,000 per year, and normal billable hours are 8000 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $753,000. What is the direct labor rate for the professional staff? (Round your answer to the nearest cent.)
A) $94.13 per hour B) $22.50 per hour C) $71.63 per hour D) $165.75 per hour
Which of the following is true of a premium on bonds payable?
a. It is a contra-stockholders' equity account. b. It is an account that appears only on the books of the investor. c. It increases when amortization entries are made until it reaches its maturity value. d. It decreases when amortization entries are made until its balance reaches zero at the maturity date.