Discontinued operations and extraordinary items are two components of the income statement that are reported after income from operations or are reported separately because of their unique nature

a. True
b. False

Indicate whether the statement is true or false


True

Business

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For the United States in the early 1800s

a. Northern manufacturers favored high tariffs while Southern farmers opposed them. b. Southern farmers favored high tariffs while northern manufacturers opposed them. c. high tariffs were favored by Northern manufacturers and Southern farmers. d. low tariffs were favored by Northern manufacturers and Southern farmers.

Business

Actual overhead plus overapplied overhead equals applied overhead

Indicate whether the statement is true or false

Business

Professor Lockhart signed a contract at the State University, where he has to teach at least eight classes per year, for which he will be paid an annual salary. He now has to follow which two standards?

a. quantity and time b. behavior and time c. quality and cost d. behavior and cost

Business

Which of the following has become a primary mode for communicating within an organization?

A. faxes B. e-mail C. video chat D. text messages

Business