According to the theory of ________, if a business corrects the social injury it causes, it has met its duty of social responsibility
A) moral minimum
B) maximizing profits
C) corporate citizenship
D) stakeholder interest
A
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A close physical connection between an item of personal property and certain real property may enable a court to conclude that the item is constructively annexed and therefore a fixture.
Answer the following statement true (T) or false (F)
What is meant by relevant circumstances? Describe the two types of relevant circumstances.
What will be an ideal response?
Non-manufacturing costs include
A) marketing and administration B) direct materials C) indirect materials D) overhead
For each of the following independent cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.(a.)Interest payable, beginning-year……………………...$?4,200?Interest expense……………………………………….?26,700?Interest payable, year-end…………………………….?3,000?Cash paid for interest…………………………………$? ________????(b.)Prepaid insurance, beginning-year……………………$? 7,000?Insurance expense……………………………………..?16,800?Prepaid insurance, year-end…………………………...?3,400?Cash paid for insurance………………………………..$? ________????(c.)Interest receivable,
beginning-year……………………$? 800?Interest revenue………………………………………..?12,600?Interest receivable, year-end…………………………..?1,200?Cash received for interest……………………………..$? ________????(d.)Accounts payable, beginning-year…………………….$? 60,000?Cost of goods sold……………………………………..?244,000?Merchandise inventory, beginning-year……………….?35,000?Merchandise inventory, year-end……………………?40,500?Accounts payable, year-end……………………………?64,800?Cash paid for merchandise…………………………….$? ________ What will be an ideal response?