Planet & Co reported net income for the current year. Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?
a. Cash dividends were paid to stockholders during the year.
b. Depreciation expense was recorded for the year.
c. A bank loan was repaid during the year.
d. Equipment was purchased for cash during the year.
b
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Which of the following is true regarding the accounting for research and development costs under international accounting standards?
a. All research and development costs of any type are expensed. b. All ordinary research and development costs are expensed, but development costs related to computer software are capitalized. c. All ordinary research and development costs are expensed, but both research and development costs related to computer software are capitalized. d. All development costs of any nature are capitalized.
______ are often referred to as working drawings.
A. Assembly charts B. Assembly drawings C. Job floor drawings D. Process maps
Our team has just the right mix of people with complementary skills and strengths. Our team is displaying which characteristic of team excellence?
A. standards of excellence B. clear norms of conduct C. competent team members D. principled leadership
A business segment is a part of a company that is separated by its (1) ________ or (2) ________.
What will be an ideal response?