For external-reporting purposes, generally accepted accounting principles require that net income be based on:
A. activity-based costing.
B. direct costing.
C. variable costing.
D. absorption costing.
E. semivariable costing.
Answer: D
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Answer the following statements true (T) or false (F)
1. Personality is at the center of Gardenswartz and Rowe's diversity wheel. 2. On Gardenswartz and Rowe's diversity wheel, internal dimensions of diversity include gender, age, and race. 3. On Gardenswartz and Rowe's diversity wheel, biographical dimensions of diversity consist of the personal characteristics that people acquire, discard, or modify throughout their lives. 4. Individuals have some ability to control their external dimensions of diversity.
If bonds payable were issued initially at a discount, the carrying value of the bonds at a balance sheet date will be calculated by
a. deducting the amount of discount amortized between the issuance date and the balance sheet date from the face value. b. deducting the balance of unamortized bond discount from the face value. c. adding the balance of unamortized bond discount to the face value. d. adding the amount of discount amortized between the issuance date and the balance sheet date to the face value.
Giant Robot Magazine has embraced the use of __________ to reach its current and potential customers.
In comparison to transportation by truck, which mode of transport is safer (in the sense it is not as prone to accidents) and also more energy efficient?
a. water b. air c. rail d. bike