Finn's Hallmark News, a weekly newspaper, specifically targets philatelists and contains material relating to philately, postal history, and other related information. In this scenario, Finn's Hallmark News is a
A. special-audience newspaper.
B. newspaper supplement.
C. regional newspaper.
D. trade newspaper.
E. demographic-oriented newspaper.
Answer: A
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The capital account is not
a. increased by additional investments; b. decreased by withdrawals; c. increased by net income for the accounting period; d. decreased by a net loss for the accounting period; e. increased by withdrawals.
Welch Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur?
a. 1,150,000 b. 1,190,000 c. 1,200,000 d. 1,210,000
If the adjustment for accrued salaries at the end of the period is inadvertently omitted, both liabilities and owner's equity will be overstated for the period
Indicate whether the statement is true or false
Major distinctions between a group and a team are the members' cooperative attitude and level of commitment
Indicate whether the statement is true or false