Trends in computer software are headed towards:
A)
increasing use of purchased software.
B)
increasing network-centricity.
C)
increased end-user computing.
D)
All of the above
D
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The income statement of a manufacturer is commonly supported by a schedule of cost of goods manufactured
a. True b. False Indicate whether the statement is true or false
What is the difference between stock options and an employee stock ownership plan (ESOP)?
A. Stock options are usually granted to company executives, whereas ESOPs are provided to all employees. B. Earnings from stock options are exempt from income taxes, whereas earnings from ESOPs are taxable. C. Under stock options, employees can sell their stocks, whereas ESOPs do not allow employees to sell their stocks. D. In stock options, stocks are placed into a trust, whereas ESOPs give employees the right to buy a certain number of shares of stock. E. Stock options carry significant risk, whereas ESOPs are risk-free.
Skimming involves stealing cash from an organization after it is recorded on the organization's books and records
Indicate whether the statement is true or false
Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 1 during the period for direct materials is: A) Work in Process--Department 1 100,000Materials 100,000 B) Work in Process--Department 1 50,000Materials 50,000 C) Materials 100,000Work in Process--Department 1 100,000 D) Materials 50,000Work in Process--Department 1 50,000