Governmental fund statements are prepared using:

A. Current financial resources measurement focus and accrual basis of accounting.
B. Economic resources measurement focus and accrual basis of accounting.
C. Economic resources measurement focus and modified accrual basis of accounting.
D. Current financial resources measurement focus and modified accrual basis of accounting.


Answer: D

Business

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Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$15,700   75% Conversion costs$7,700   20% A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$186,300 Conversion costs$329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs. The cost of ending work in process inventory in the first processing

department according to the company's cost system is closest to: A. $74,801 B. $64,115 C. $106,859 D. $68,067

Business

Quantitative data can be mapped using correspondence analysis

Indicate whether the statement is true or false

Business

Which of the following is NOT a benefit of managerial listening skills?

A. more efficient task assignments B. more information C. improved relationships D. better decisions

Business

What is Kurt Lewin’s concept of change?

What will be an ideal response?

Business