Which of the following transportation modes has the highest cost?
A) water
B) truck
C) air
D) pipeline
E) rail
C
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Monro Inc. uses the accrual method of accounting. Here is a reconciliation of Monro's allowance for bad debts for the current year.Beginning allowance for bad debts?$ 61,150??Actual write-offs of accounts receivable during the year?(80,000)?Addition to allowance? 88,500??Ending allowance for bad debts?$ 69,650??Because of the difference between the GAAP and the tax rules for accounting for bad debts, Monro Inc. has an:
A. $8,500 permanent excess of taxable income over book income. B. $8,500 temporary excess of taxable income over book income. C. $8,500 temporary excess of book income over taxable income. D. $8,500 permanent excess of book income over taxable income.
Which of the following would be the best example of an output measure?
A. The square feet of shelf space allocated to a particular item B. Net profits for the store for the year C. The purchase of new inventory D. The expense of utilities E. The number of employees it takes to run a store
The ______ is a logical and persuasive relationship that explains how you get to your claim from the data you offer.
a. warrant b. reason c. rebuttal d. claim
Laramie Co. paid $800,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $100,000, Building, $740,000, and Office Furniture, $160,000. What is the cost that should be allocated to the land?
A. $70,000 B. $100,000 C. $80,000 D. $107,000