All transactions that increase net assets affect income
Indicate whether the statement is true or false
F
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Katrina performs data analysis all day. She places each page of new data on the left side of her computer terminal. After she enters the data, she places the page facedown on the right side of her terminal. Katrina’s job has a(n) ______ design.
A. mechanistic B. organic C. biological D. perceptual-motor
Under absorption costing:
a. fixed overhead is not assigned to product cost. b. fixed overhead is not expensed until the product is sold. c. variable overhead is not assigned to product cost. d. variable overhead has to be actual overhead. e. None of the answers are correct.
Which of the following entries records the withdrawal of cash for personal use by Ty Knott, the owner of a business?
A. debit Ty Knott, Drawing, and credit Cash B. debit Cash and credit Ty Knott, Capital C. debit Salary Expense and credit Cash D. debit Cash and credit Salary Expense
About ERISA, the Employee RetirementIncomeSecurity Act, it is correct to say that:
a. the law governs only pension plans b. the law governs benefit plans broadly, not just pension plans c. the law only applies to "welfare" plans d. none of these