If a company uses the indirect method to report cash flows, it
A. subtracts any increase in its accrued pension cost from net income.
B. subtracts any increase in accrued pension cost as an investing activity.
C. adds any increase in its accrued pension cost to net income.
D. adds any increase in accrued pension cost as a financing activity.
Answer: C
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A ________ translates numbers into graphical displays so that findings can be comprehended visually
A) figure B) column C) table D) row E) cell
The CEO of Demix, Chris, is absent or not engaged with day-to-day activities. Out of the two department heads, Giselle and Bryton, Giselle takes on the responsibilities of leading the two groups. What concept does this represent?
A. leader popularity B. leader effectiveness C. leader empowerment D. leader emergence
Latiker, Inc., manufactures and sells two products: Product Y9 and Product W0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected ProductionDirect Labor-Hours Per UnitTotal Direct Labor-HoursProduct Y91008.0800Product W010010.01,000Total direct labor-hours 1,800The direct labor rate is $15.40 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct Y9$253.00Product W0$278.80The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct Y9Product
W0TotalLabor-relatedDLHs$61,4888001,0001,800Machine setupssetups 50,687400300700Order sizeMHs 155,7545,0005,20010,200 $267,929 The activity rate for the Machine Setups activity cost pool under activity-based costing is closest to: A. $72.41 per setup B. $29.95 per setup C. $26.27 per setup D. $31.15 per setup
Upon receipt of customers' checks in the mailroom, a responsible employee should prepare a listing of remittances that is forwarded to the cashier. A copy of the listing should be sent to the
A. Internal auditor to investigate the listing for unusual transactions. B. Treasurer to compare the listing with the monthly bank statement. C. Accounts receivable bookkeeper to update the subsidiary accounts receivable records. D. Entity's bank to compare the listing with the cashier's deposit slip.