The words Internet and Web are part of the definition of e-commerce.
Answer the following statement true (T) or false (F)
False
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Which of the following is not a proper description with respect to the financial accounting and reporting of income taxes?
A. A net operating loss carryforward does not have any impact on income tax expense for the year the loss occurs. B. A permanent difference does not create a deferred tax asset or liability. C. Income tax expense changes during the year that future tax rate increases are enacted. D. An originating temporary difference will eventually create a reversing temporary difference.
Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed:Number of units in the job20Total machine-hours80Direct materials$ 500Direct labor cost$ 2,160The unit product cost for Job A496 is closest to:
A. $45.05 B. $133.00 C. $72.20 D. $180.20
Dollar cost averaging is a formula plan which automatically causes investors to purchase more shares when the price is low and purchase fewer shares when the price is high
Indicate whether the statement is true or false.
RAM stands for:
a. Resource Accountability Matrix b. Responsibility Assignment Matrix c. Responsible, Accountable, Consult and Inform d. Resource Assignment Matrix