When a corporation sells 9,000 shares of $12 par value common stock for $159,000, Common Stock is credited for $108,000
Indicate whether the statement is true or false
TRUE
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Which theory emphasizes the role of technology in determining the trade patterns of manufactured products?
a. factor-endowment theory b. theory of comparative advantage c. product life cycle theory d. theory of overlapping demands
The following are the results of the least squares regression method which was run to separate the fixed and variable components of the Zulli Corporation's monthly factory utility costs using the number of products produced: y = 49,222.2992 + 5.09 x R2
= .97765 a) Assume Zulli budgets production of 5,400 units in June, what should budgeted utility costs be? b) Explain what R2 means. Is this equation a good predictor of utility costs?
Accounting for a defined benefit pension plan is simpler than accounting for a defined contribution plan
Indicate whether the statement is true or false
Period costs are
A) found on the balance sheet. B) not involved in the production process. C) classified as direct labor, direct material, or factory overhead. D) found on the job order cost sheets.