Which of the following is used in the sales journal to indicate that summary totals have been posted to the general ledger?
a. a check mark; b. an account number; c. SJ; d. X; e. GJ.
B
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The reason for combining direct labor and overhead costs together and calling them "conversion costs" is that
A) they both are direct costs of production. B) the equivalent unit amount for direct materials will be the same as that for direct labor and overhead costs. C) both these types of costs usually are incurred uniformly throughout the production process. D) the costs for direct labor and overhead are not accounted for separately.
Worthington Farm raises chickens. For years, it has used wooden coops to haul its poultry to market
The owner of the farm needs to buy some replacement coops and is considering buying plastic coops that are slightly more expensive than wooden ones but much easier to clean after use. This purchase of coops is an example of a ________. A) straight rebuy B) customer-reference purchase C) modified rebuy D) reciprocal purchase E) reverse marketing purchase
Describe an experience you had while traveling or engaging in a new activity.Identify what the experience was and what elements you later incorporated into your life.
What will be an ideal response?
Bill is the accountant for Cheatam and Sons Co For many years he has kept two sets of books, one with real figures and another with figures he will use in case the IRS audits. When Bill, while working on Cheatam's books, is arrested for fraud, what will happen to the books?
a. They are privileged communications and therefore inadmissible as evidence against Bill. b. They are protected by the Fifth Amendment and therefore are inadmissible. c. They may be admitted as evidence since they were taken pursuant to a valid arrest. d. They may be admitted as evidence only if Bill consented to a search of his offices.