The debit side of an account
A) depends on whether the account is an asset, liability or owner's equity
B) can be either side of the account depending on how the accountant set up the system
C) is the right side of the account
D) is the left side of the account
D
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The cap on monetary damages statute holds that the maximum liability that may be imposed on directors is the greater of:
A. $50,000 or the amount of cash compensation that the director received from the corporation during the previous 12 months. B. $100,000 or the amount of cash compensation that the director received from the corporation during the previous 12 months. C. $100,000 or the amount of cash compensation that the director received from the corporation during the previous 36 months. D. $100,000 or the amount of cash compensation that the director received from the corporation during the previous 24 months.
A mixed cost will be an effective cost driver
Indicate whether the statement is true or false
Several people play an essential part in setting standards. Which of the following is incorrect as to setting standards?
A) Accountants expresses judgement in dollars and cents. B) Engineers identify material, labor, and machine requirements. C) Human resource managers provide personnel information. D) Quality managers provide quality measures that will be used to evaluate rejects.
If the Lincoln Log Construction Co. (based in Chicago) built an assembly plant for General Motors in Nigeria, the project would be classified as
A. Global. B. Overseas. C. Local. D. Domestic. E. Foreign.