Which of the following statements regarding a company's operating activities is true?
A) Revenues decrease stockholders' equity
B) Expenses increase stockholders' equity
C) Expenses decrease stockholders' equity
D) Dividends decrease assets
C
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The trigger for the payroll process "pay employees" is (are) validated ______________________________
Fill in the blank(s) with correct word
External research suppliers can be classified as ________ and ________
A) limited-service; partial-service B) full-service; partial-service C) full-service; limited-service D) none of the above
A company produces computer chips that go through two departments, department A1 and department B2, before they are complete. Expected costs and activities for the two departments are shown below. Departmental overhead rates are based on machine hours in department A1 and direct labor hours in department B2. Therefore, the overhead rates for department A1 and department B2 are $3.62 per machine hour and $5.73 per direct labor hour, respectively. Department A1Department B2Machine hours 40,000MH 30,000MHDirect labor hours 36,200DLH 28,650DLHOverhead costs$144,800 $171,900
Answer the following statement true (T) or false (F)
If the British subsidiary of a European firm has net exposed assets of £250,000, and the pound drops in value from €1.35/£ to €1.30/£, the European firm has a translation:
A) gain of €12,500. B) loss of €12,500. C) loss of £12,500. D) gain of £12,500.