Under the periodic inventory system
A) the cost of each item is recorded in the Merchandise Inventory account when it is purchased.
B) when an inventory item is sold, its cost is transaferred to the Cost of Goods Sold account.
C) the balance of the Merchandise Inventory account equals the cost of goods on hand.
D) the balance of the Merchandise Inventory account is only accurate on the balance sheet date.
D
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To avoid a negative surprise during a performance evaluation, managers should
A) keep a list of examples of poor performance. B) let the employee know ahead of time the review is coming. C) limit the use of status updates. D) allow peers to provide input on the performance review. E) provide regular feedback and coaching throughout the year.
There are no clear rules for choosing an appropriate risk-handling technique
Indicate whether the statement is true or false
Which of the following methods does the JavaScript Number object not possess?
a) toString b) toFloat c) valueOf d) MAX_VALUE
Pursuing an inorganic growth strategy, Wilson Company acquired Venus Company's net assets and assigned them to four separate reporting divisions. Wilson assigned total goodwill of $134,000 to the four reporting divisions as given below: Alpha Beta Gamma Delta Carrying value$200,000 $320,000 $370,000 $300,000 Goodwill included in carrying value 20,000 34,000 50,000 30,000 Fair value of net identifiable assets at year-end 150,000 300,000 390,000 280,000 Fair value of reporting unit at year-end 180,000 350,000 360,000 295,000 Based on the preceding information, what amount of goodwill will be reported for Alpha at year-end?
A. $10,000 B. $30,000 C. $20,000 D. $0