Which of the following temporary differences ordinarily results in a deferred tax liability?
a. Accrued warranty costs
b. Unrealized losses on marketable securities
c. Depreciation
d. Subscription revenue received in advance
C
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EXP, Inc. had the following activities during its most recent period of operations:(a) Purchased raw materials on account for $140,000 (both direct and indirect materials are recorded in the Raw Materials Inventory account).(b) Issued raw materials to production of $130,000 (80% direct and 20% indirect).(c) Incurred factory labor costs of $250,000; allocated the factory labor costs to production (70% direct and 30% indirect).(d) Incurred factory utilities costs of $20,000; this amount is still payable.(e) Applied overhead at 80% of direct labor costs.(f) Recorded factory depreciation, $22,000.Prepare journal entries to record the above transactions.
What will be an ideal response?
Which model has the following characteristics: dividing tasks among its members, establishing standard practices, transmitting objectives throughout the organization, providing channels of communication that run in all directions and training and indoctrinating members with the knowledge, skills, and values of the organization?
a. Rational model b. Collaborative model c. Garbage can model d. Organizational process model
One advantage of cycle counting is that it maintains accurate inventory records
Indicate whether the statement is true or false
As part of a university project, Kamil stood outside a cinema and counted the people going in. He recorded men, women and children separately and noted how many were in each group. Which research technique was he using?
a. survey b. focus group c. observation d. case study e. experimentation