Statutory depletion in excess of cost depletion is an example of a permanent difference.
Answer the following statement true (T) or false (F)
True
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Arid Company paid $1,704 on June 1 . 2013 . for a two-year insurance policy and recorded the entire amount as Insurance Expense. The December 31 . 2013 . adjusting entry is
a. debit Prepaid Insurance and credit Insurance Expense, $497. b. debit Insurance Expense and credit Prepaid Insurance, $497. c. debit Insurance Expense and credit Prepaid Insurance, $1,207. d. debit Prepaid Insurance and credit Insurance Expense, $1,207.
Returns for the Alcoff Company over the last 3 years are shown below. What's the standard deviation of the firm's returns? (Hint: This is a sample, not a complete population, so the sample standard deviation formula should be used.) Year Return 2010 21.00% 2009 ?12.50% 2008 25.00%
A. 20.08% B. 20.59% C. 21.11% D. 21.64% E. 22.18%
Correctly defining the problem for a group to solve is more difficult when:
a. there is a lot of uncertainty. b. group norms allow conflict to be expressed. c. the problem is acute rather than chronic. d. group members are too rational.
Which of the following is the BEST example of the micro-macro dilemma?
A. A fuel-efficient car may cost more to buy but less to operate. B. High performance cars are fun to drive but may be dangerous to others. C. The economy may be growing, but many people still are not able to buy a new car. D. Imported cars may cost buyers more to buy now but may have better resale value later. E. Many consumers buy imported cars, even though they say they like American cars better.