Which of the following would be classified as an extraordinary item on the income statement?
a. Loss on disposal of a segment of business
b. Cumulative effect of a change in accounting principle
c. A sale of land
d. An error correction that relates to a prior year
e. A loss from a flood in a location that would not be expected to flood
E
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A company had a beginning balance in retained earnings of $408,000. It had net income of $54,000 and declared and paid cash dividends of $59,000 in the current period. The ending balance in retained earnings equals:
A. $354,000. B. $521,000. C. $413,000. D. $467,000. E. $403,000.
Which of the following is an example of job rotation?
A. Angie is the office receptionist on Tuesdays and Fridays, but Bill fills this job on Monday, Wednesday and Thursday. B. A worker paints chairs on Monday, operates the metal stamping press on Tuesday and Wednesday, and works on final assembly Thursday and Friday C. A customer service representative deals with multiple customers during the week. D. A manager Skypes into a meeting while dealing with a crisis in another part of the company. E. Employees are given quality control authority over their own work.
Information and communication technologies involve two main activities: processing information and ______ from one location to another.
A. dividing it B. transmitting it C. developing it D. mechanizing it
Which subject line uses correct capitalization?
A) Subject: sales meeting tomorrow B) Subject: Sales Meeting Tomorrow C) Subject: Sales meeting tomorrow