Many times a financial analyst may decide to make adjustments to the financial statements in order to make the statements more useful. Which of the following would not require an adjustment to the financial statement?
a. A company signs a new contract with a customer.
b. A delivery company incurs a loss from disposition of used delivery trucks.
c. A company changes the useful life of its equipment from 5 years to 8 years.
d. A company incurs a charge related restructuring its operations.
A
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Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine hours. At the beginning of the year, it estimated total manufacturing overhead costs to be $1,050,000, total number of direct labor hours to be 4000, and total number of machine hours to be 20,000 hours. What was the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
A) $262.50 per machine hour B) $43.75 per direct labor hour C) $52.50 per machine hour D) $65.63 per direct labor hour
Managerial accounting is most concerned with addressing the needs of the firm as a whole
Indicate whether the statement is true or false
Which of the following is NOT an implication of globalization of business?
a. Globalization means a business can sell in a foreign country. b. Globalization means a business can manufacture products in a foreign land. c. Globalization means a business can buy materials from overseas suppliers. d. Globalization means a business can avoid payment of tariffs on goods and services.
Which phase of the SCOP process focuses on identifying new sources of revenue that can result from reducing carbon emissions?
A. new product development B. demand planning C. impact on existing products D. operations planning