Actual overhead during the year was more than applied overhead, the journal entry to close the Overhead account for the difference?
a. Overhead XX
Cost of Goods Sold XX
b. Cost of Goods Sold XX
Overhead XX
c. Overhead XX
Finished Goods Inventory XX
d. Cost of Goods Sold XX
Finished Goods Inventory XX
B
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Answer the following statements true (T) or false (F)
1. A 501(c)(3) organization can engage in lobbying without restriction. 2. A 501(c)(4) organization is prohibited from political campaign activity. 3. Charitable nonprofits are prohibited from endorsing candidates. 4. Best practices for advocacy include understanding relevant public policy issues.
A transaction was recorded with a $500 debit to Accounts Receivable and a $500 credit to Service Fees Earned. Both accounts were credited during the posting process. As a result:
a. the Accounts Receivable account was overstated. b. the Service Fees Earned account was correct. c. the trial balance was in balance. d. the debit column total was correct. e. All of the above statements are correct.
When designing an electronic slide
a. use portrait orientation. b. use the 7 ? 7 rule, with no fewer than seven lines of text and no fewer than seven words on a line. c. use centered lines of text as a general rule. d. select fonts that have not been overused to create a fresh presentation that is different from those of your competition.
Alpha value is required return subtracted from expected return
Indicate whether the statement is true or false.