In the 1800's, the workday exceeded 10 hours per day
Indicate whether the statement is true or false
TRUE
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Under the UPA, a partner's ownership interest in any specific item of partnership property is that of a:
a. joint tenant. b. tenant in common. c. tenant in partnership. d. tenant by the entireties.
Any cash dividends received from equity securities are recorded as Dividend Expense.
Answer the following statement true (T) or false (F)
Yamane Corporation, a manufacturer, uses the step-down method to allocate service department costs to operating departments. The company has two service departments, Administration and Facilities, and two operating departments, Assembly and Finishing. Data concerning those departments follow: Service DepartmentsOperating Departments AdministrationFacilitiesAssemblyFinishingDepartmental costs$22,620$67,440$105,520$427,780Labor hours 3,000 2,000 21,000 16,000Space occupied 7,000 1,000 32,000 3,000 Administration Department costs are allocated first on the basis of labor hours and Facilities Department costs are allocated second on the basis of space occupied. In the first step of the allocation, the amount of Administration Department cost allocated to the Assembly Department
is closest to: A. $12,838 B. $4,476 C. $11,310 D. $12,180
An interfund transfer in should be reported in a governmental fund operating statement as a(an):
A. Other financing use. B. Other financing source. C. Revenue. D. Due from other funds.