For incentive stock options, the value of the options that accrue in a given year always creates a permanent, unfavorable book-tax difference.
Answer the following statement true (T) or false (F)
True
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Babette Manufacturing produces plastic toys and uses process costing. There are three processing departments—Assembling, Finishing, and Packaging. On January 1, the Finishing Department had 2000 units of partially processed product in production. During January, 31,000 units were transferred in from the Assembling Department and 29,000 units were completed and transferred out. At the end of the month, 4000 units of partially processed products remained in the Finishing Department. The weighted- average method is used. See additional details below.
Finishing Department, ending balance at January 31 Percent completed for materials cost: 94% Percent completed for conversion cost: 70% What was the number of equivalent units for the month of January, with respect to direct materials, for the Finishing Department? A) 32,760 units B) 33,000 units C) 29,000 units D) 3760 units
A computer retailer can purchase a discontinued notebook PC for $800 and wants to obtain a 25 percent markup at retail. What retail price should be charged?
a. $800 b. $960 c. $1,000 d. $1,067
Hill's model for team leadership suggests what number of leadership decisions a leader must make before taking leadership actions?
A. 4 B. 3 C. 7 D. 5
A doctor who stops to assist at a scene of an emergency typically will have protection from negligence under Good Samaritan laws
Indicate whether the statement is true or false