Depreciation helps keep the accounting equation in balance by matching the expense of a liability with the revenue that liability is expected to generate
Indicate whether the statement is true or false
FALSE
Explanation: Accountants use depreciation to spread out the cost of the equipment over its useful life. Depreciation helps keep the accounting equation in balance by matching the expense of the asset with the revenue that asset is expected to generate.
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Ethnographic approaches refer to the use of standardized measures to classify countries
Indicate whether the statement is true or false
Researchers found that negotiators who believed they were under surveillance
A. were more likely to make concessions that would facilitate mutual gain. B. obtained higher joint outcomes than negotiators not under surveillance. C. were more likely to use threats, commitment tactics and put downs of their opponents. D. were significantly more likely to conduct their negotiations in an integrative manner.
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Compute the fixed overhead variance. a. $5,000 (F) b. $5,000 (U) c. $10,000 (U) d. $10,000 (F)
Upward mobility, a value that strongly influenced attitudes in America's first 200 years, emphasizes:
a. hard work. b. nonconformity. c. self-dealing. d. unconventionality.