For which of the following special purpose financial statements is an other-matter paragraph restricting the use of the auditor's report required?
a. Cash basis.
b. Tax basis.
c. Regulatory basis for general use.
d. Contractual basis.
d
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What is the point of difference between illegal gratuity and bribery scheme?
a. Compared to illegal gratuities, briberies occur relatively infrequently and are usually quite small. b. Illegal gratuities do not necessarily involve an intent to influence a business decision but rather to reward someone for making a favorable decision. c. Illegal gratuities usually involve the use of actual or threatened force, fear, or economic duress. d. Illegal gratuities are made before deals are approved.
The idea that employees are motivated by motivators rather than by maintenance factors belongs to which motivational theory?
a. hierarchy of needs theory b. ERG theory c. two-factor theory d. acquired needs theory
Current liabilities are cash and other resources that are expected to be sold, collected or used within one year or the company's operating cycle whichever is longer.
Answer the following statement true (T) or false (F)
Younan Corporation manufactures two products: Product E47F and Product D02M. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products E47F and D02M.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$165,00011,000MHsMachine setupsNumber of setups$150,000250setupsProduct designNumber of products$70,0002productsOrder sizeDirect labor-hours 310,00010,000DLHsActivity MeasureProduct E47FProduct D02MMachine-hours5,0006,000Number of setups20050Number of products11Direct labor-hours4,0006,000Using the ABC system, the percentage of the total overhead cost that is assigned to Product E47F is
closest to: A. 17.84% B. 50.00% C. 50.94% D. 33.09%