A controller is commonly responsible for ________
A) managing cash
B) financial accounting
C) managing credit activities
D) financial planning
B
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The predetermined overhead allocation rate is the rate used to ________.
A. allocate estimated manufacturing overhead costs to jobs B. allocate actual manufacturing overhead costs incurred during a period C. assign direct material costs to jobs D. trace manufacturing and non manufacturing costs to jobs
The European Union Emissions Trading System works on what principle?
A) Thatcher's Theory of the Commons B) pollute-and-pay C) socialism D) cap-and-trade E) tax the richer companies more to pay for pollution control
A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported in the notes to the financial statements, what is the effect on the financial reporting of the company?
A) There would be no effect. B) The liabilities on the balance sheet would be understated. C) The information about the transaction would be inadequately disclosed in the notes. D) The net income of the company would be understated.
When the Court of Justice of the European Union sits as a full court, it consists of a Grand Chamber of:
a. 27 judges. b. 5 judges. c. 13 judges. d. 31 judges.