Expected obligations arising from programs, such as frequent flyer miles, are usually recorded as a reduction in sales (in a contra-sales account) with a related liability
Indicate whether the statement is true or false
True
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Overapplied overhead will always result when a predetermined factory overhead rate is employed and:
a. Overhead incurred is more than overhead applied. b. Overhead incurred is less than overhead applied. c. Production is greater than sales. d. Actual overhead costs are more than expected.
The direct organizational plan should be used when the reader
A) prefers to read the conclusions and recommendations last. B) is receptive to the conclusions or prefers the direct plan. C) needs detailed explanations because the topic is complex. D) is initially not interested in the topic. E) is expected to resist the recommendations at first.
The proximate cause requirement for a negligence tort is most likely not met where:
A) A driver injures a pedestrian when rounding a curve at twice the legal speed limit. B) A customer becomes ill from food that is carelessly packed at a processing plant. C) A customer in a building supply store carelessly drops a small can of paint that breaks open and is ignited from a spark caused when the metal can hits the concrete floor. D) A patient becomes sick from a doctor carelessly prescribing the wrong medicine. E) The victim of an accident was aware, prior to the actual accident, that the accident was likely to occur.
________ refers to the moral standard of right and wrong behavior.
A. Utility B. Attribution C. Ethics D. Spirituality