Unrealized holding gains or losses on trading debt investments are reported in the ________.
A) current assets section of the balance sheet
B) operating expenses section of the income statement
C) other income and (expenses) section of the income statement
D) accumulated other comprehensive income section of stockholder's equity
C) other income and (expenses) section of the income statement
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High Step Shoes had annual revenues of $187,000, expenses of $104,700, and dividends of $18,800 during the current year. The retained earnings account before closing had a balance of $299,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
A. Debit Income Summary $82,300; credit Retained earnings $82,300 B. Debit Retained earnings $63,500; credit Income Summary $63,500 C. Debit Retained earnings $82,300; credit Income Summary $82,300 D. Debit Income Summary $63,500; credit Retained earnings $63,500 E. Debit Retained earnings $299,000; credit Income Summary $299,000
Tungsten, Inc. manufactures both normal and premium tube lights. The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base. Estimated overhead costs for the year are $106,000. Additional estimated information is given below.
Calculate the predetermined overhead allocation rate. (Round your answer to the nearest cent.)
A) $3.53 per direct labor hour
B) $1.66 per machine hour
C) $3.12 per machine hour
D) $0.23 per direct labor hour
The word group After we tallied the survey results and identified the primary causes of employee dissatisfaction contains ______. ?
A) ?one independent clause B) ?one dependent clause C) one independent clause and one dependent clause D) ?two independent clauses
The alignment of the HRM function with organizational goals is referred to as ______.
a. an HR balanced scorecard b. strategic human resources management (strategic HRM) c. concreteness or congruence d. human resources program evaluation