Shell corporations are very easy to be set up in many states
a. True
b. False
Indicate whether the statement is true or false
True
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Lack of consideration is the basic distinction between a gift and a sale
Indicate whether the statement is true or false
What is the basic information that a security policy must stipulate?
What will be an ideal response?
The Townson Manufacturing Company has gathered the following information for the month of September: • 6,000 units in the beginning Work-in-Process Inventory (75% complete as to materials, 1/3 complete with respect to the conversion costs). • 60,000 units were started into production. • 50,000 units were completed and transferred to the next department. • The ending Work-in-Process Inventory is complete as to materials but only 3/8 complete with respect to conversion costs. What are the equivalent units of production (EUPs) for materials in the month of September assuming Townson uses weighted-average process costing?
A. 66,000 EUPs B. 61,500 EUPs C. 64,500 EUPs D. 52,000 EUPs
The following is a system of simultaneous linear equations to allocate costs using the reciprocal method. Matrix algebra is not required.The following costs were incurred in three operating departments and three service departments in Westmoreland Company.DepartmentDirect CostsLabelSubassemblies$550,000 P1Final assembly 775,000 P2Marketing 285,000 P3Building occupancy 85,000 S1Research & development 120,000 S2Supervision 45,000 S3Use of services by other departments is as follows. User DepartmentsService Cost CenterSub-assembliesFinal AssemblyMarketingBuilding OccupancyR&DSupervisionBuilding occupancy0.300.250.20---0.150.10R&D0.500.50------------Supervision0.200.300.200.100.20---The equation for department S2 (research and development) is:
A. S2 = $120,000 + 0.40S1 + 0.60S3. B. S2 = 0.15S1 + 20S3. C. S2 = $120,000 + 0.15S1 + 0.20S3. D. S2 = $120,000 + 0.15S1 + 0.65S2 + 0.20S3.