The statement of cash flows would disclose the distribution of dividends to stockholders
A) in the financing activities section.
B) in the investing activities section.
C) in the operating activities section.
D) nowhere on the statement.
A
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On April 1, Otisco, Inc. paid Garcia Publishing Company $2448 for 36-month subscriptions to several different magazines. Otisco debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Otisco, Inc. after adjustments on December 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
A. $612. B. $816. C. $0. D. $2448. E. $1836.
Stangl Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$1,480 $7,410 $14,430 $23,320 Direct labor 5,280 17,670 34,410 57,360 Manufacturing overhead applied 3,770 8,700 16,530 29,000 Total$10,530 $33,780 $65,370 $109,680 Manufacturing overhead for the month was underapplied by $3,000.The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those
accounts.Required:Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period. What will be an ideal response?
The salvage value of an old lathe is zero. If instead, the salvage value of the old lathe was $20,000, what would be the impact on the net present value of the proposal to purchase a new lathe?
a. It would increase the net present value of the proposal. b. It would decrease the net present value of the proposal. c. It would not affect the net present value of the proposal. d. Potentially it could increase or decrease the net present value of the new lathe.
Which of the following GLOBE cultural dimensions is related to the questionnaire item--“Most people lead (should lead) highly structured lives with few unexpected events”?
A. power distance B. uncertainty avoidance C. humane orientation D. institutional collectivism