Hal owns a farm in Iowa, with a farmhouse, barn, and other structures permanently attached. Hal grows corn on the property. Land includes?
A) the corn, the soil, and the structures
B) the corn and the soil only.
C) the soil only.
D) the structures and the soil only.
A
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Which of the following correctly orders the delegation process?
a. Set objectives, explain the need, establish controls, and develop a plan. b. Set objectives, develop a plan, explain the need, and establish controls. c. Explain the need, establish controls, set objectives, and develop a plan. d. Explain the need, set objectives, develop a plan, and establish controls.
A company depreciates its equipment $500 a year. The adjusting entry for December 31 is debit Depreciation Expense, $500 and credit Equipment, $500
Indicate whether the statement is true or false
The Linens Department of the Krafton Department Store had sales of $282,000, cost of goods sold of $173,500, indirect expenses of $19,875, and direct expenses of $41,250 for the current period. What is the Linens Department's contribution to overhead as a percent of sales?
What will be an ideal response?
The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: Beginning of the year balance$30,000?Share of partnership income$10,500?Withdrawals made during the year$6800?What is Smit's partner return on equity during the year in question?
A. 12.3% B. 33.0% C. 31.2% D. 51.3% E. 11.6%