Good internal control requires a ________ of duties.
Fill in the blank(s) with the appropriate word(s).
separation
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Coppelli Inc In early 2012, Coppelli Inc had budgeted for the production and sale of 24,000 units. The standard sales price and variable costs per unit were budgeted to be $6.00 and $2.00, respectively. Actual sales for 2012 totaled 25,300 units, and the actual sales price and variable costs per unit were $6.50 and $2.10, respectively. Both budgeted and actual fixed costs were $30,000. Refer to
the Coppelli Inc information above. What was Coppelli's sales price variance for 2012? A) $12,650 F B) $12,650 U C) $12,000 F D) $12,000 U
Reports that describe periodic, recurring activities or situational, nonrecurring events are A) justification/recommendation reports
B) informational reports. C) analytical reports. D) yardstick reports.
ROA in financial planning stands for ______.
a. return on assets b. return on audit c. record of assets d. record of administration
When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports income in excess of dividends paid, what entry would be made for a consolidation worksheet for the second year? A)Retained earnings Investment in subsidiaryB)Investment in subsidiary Retained earningsC)Investment in subsidiary Equity in subsidiary's incomeD)Equity in subsidiary's income Investment in subsidiaryE)Additional paid-in capital Retained earnings
A. C above. B. D above. C. E above. D. A above. E. B above.