A non-interest bearing checking account is still considered an investment
Indicate whether the statement is true or false.
Answer: FALSE
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When reaching a decision during the group decision-making process, the project manager must build a consensus among the group and can do this by all of the following EXCEPT
A. If time becomes a factor, they must make an informed final decision after everyone's ideas have been heard. B. Provide periodic summaries to help the group keep track of its progress. C. Guarantee that everyone has the opportunity to share opinions. D. Manage any conflict that may arise. E. Protect those members who represent the minority view.
Answer the following statements true (T) or false (F)
1. Actual manufacturing overhead costs are credited to the Manufacturing Overhead account. 2. In a manufacturing operation, depreciation of plant equipment should be debited to the Depreciation Expense account. 3. The amount of taxes and insurance incurred and paid for the plant of a manufacturing company should be debited to the Manufacturing Overhead account. 4. The total amount of manufacturing overhead costs incurred during the period is recorded on the credit side of the Manufacturing Overhead account. 5. Manufacturing overhead costs are allocated to the Work-in-Process Inventory account by a debit to the Manufacturing Overhead account.
A trial balance proves that the accounts are in balance. Does a balanced trial balance also prove that all the transactions are correctly analyzed and recorded? Why or why not?
Which of the following is not required under current GAAP for disaggregated information relating to geographic area information?
a. Revenues from external customers from the home country of the firm and from all foreign countries in total. b. The total of long-lived assets located in the firm's home country and located in foreign countries. c. Operating profits from external customers from the home country of the firm and from all foreign countries in total. d. Revenues for any foreign country for which the revenues from that country are material to the firm.