Peterson Corporation has three operating segments with the following information: Mowers Edgers WeedeatersSales to outsiders$25,000 $13,000 $1,000 Intersegment transfers$1,000 $None $2,000 ?According to the revenue test, which segment(s) are separately reportable?
A. Mowers and Edgers.
B. Mowers and Weedeaters.
C. Mowers, Edgers, and Weedeaters.
D. Edgers and Weedeaters.
E. Mowers only.
Answer: A
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The manager of Center A of Harry International is responsible for generating cash inflows and incurring costs with the goal of generating returns for the company. The manager has no responsibility for assets. What type of responsibility center is Center A?
A) Cost center B) Discretionary cost center C) Profit center D) Revenue center
A cost pool is a collection of costs that are related to the same or similar activity.
Answer the following statement true (T) or false (F)
A person can reproduce copyrighted material for purposes such as teaching, including multiple copies for classroom use, without paying royalties
Indicate whether the statement is true or false
Robert uses FedEx in a scheme to defraud Standard Sales Company by obtaining merchandise to which he is not entitled. Found guilty of mail fraud,Robert can be punished by A) imprisonment for up to fifty years
B) imprisonment for up to five years and fines of up to $1,000. C) fines up to $5 million. D) none of the choices.