Which service department cost allocation method assigns costs directly to revenue-producing areas with no other intermediate cost pools or allocations?
a. step method
b. indirect method
c. algebraic method
d. direct method
D
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The computation of the alternative minimum tax base begins with regular taxable income. Which of the following is not part of the formula for computing the alternative minimum tax base?
A. Add back tax-exempt interest from a private activity bond not issued in 2009 or 2010 B. Subtract the AMT exemption amount (if any) C. Add the standard deduction amount if used for regular tax D. Subtract state income taxes paid
Selective distribution is a strategy in which ________
A) more than one, but fewer than all, willing intermediaries are used by a seller B) products are stocked in as many outlets as possible by a seller C) products are not sold through intermediaries but directly to customers from producers D) all willing intermediaries are given rights to sell a product E) common household goods are preferred over luxury products by intermediaries
Mesquite, Inc is ordering a new machine to be used in its manufacturing facility. Which of the following events would trigger the recognition of the machine and related liability on Mesquite's books?
A) The company generates a purchase order. B) A technician installs the machine on the floor of the manufacturing facility. C) The company receives the machine. D) The company pays the bill from the supplier.
Which of the following choices best completes this sentence? An adhesion contract is one
a. the terms of which are prepared by one party with superior bargaining power, usually in a standardized form, and presented to the other prospective contracting party on a "take-it-or¬leave-it" basis. b. that "adheres to" both parties; that is, legally binds both parties. c. that is only recognized only under sales law in Louisiana and Florida. d. so one-sided that courts will ordinarily refuse to enforce it.