Which scale is not an itemized rating scale (Table 9.1 in the text)?
A) Stapel scale
B) semantic differential scale
C) Likert scale
D) continuous rating scale
D
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National Financial Services, Inc. invested $21,000 to acquire 6250 shares of Stone bridge Investments, Inc. on March 15, 2015. This investment represents less than 20% of the investee's voting stock. On May 7, 2018, National Financial Services, Inc. sells 3000 shares for $19,250. When the journal entry to record the sale is made, ________.
A) Gain on Disposal will be credited B) Equity Investments will be debited C) Cash will be credited D) Loss on Disposal will be debited
Which of the following is the last step in developing an activity-based costing system?
A) estimating the total quantity of the cost driver B) estimating the total indirect costs of each activity C) identifying the activities D) allocating indirect costs to the cost object
Smith Company is conducting a sales mix analysis. The first step in this analysis involves which of the following formulas?
A) Contribution Margin per Unit = Selling Price per Unit - Variable Costs per Unit B) Contribution Margin per Unit = Selling Price per Unit - Fixed Costs per Unit C) Contribution Margin per Unit of Constrained Resources = Contribution Margin per Unit ΒΈ Quantity of the Constrained Resource Required per Unit D) Contribution Margin per Unit of Constrained Resources = Contribution Margin per Unit x Quantity of the Constrained Resource Required per Unit
The Factory Overhead account debit balance is not extended to the income statement on the worksheet
Indicate whether the statement is true or false