Process costing is applicable to production operations that
A) utilize several processes, departments, or work cells in a series.
B) do not assign overhead costs to operations.
C) produce products that are made to order.
D) produce unique products.
A
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Which one of the following groups is considered an internal user of financial statements?
a. A bank reviewing a loan application from a corporation. b. The labor union representing employees of a company that is involved in labor negotiations c. The financial analysts for a brokerage firm who are preparing recommendations for the firm's brokers on companies in a certain industry, d. Factory managers that supervise production line workers.
Within the United States, which of the following organizations has the primary responsibility for developing accounting standards?
a. IASB b. FASB c. SEC d. None of these choices.
A group of investors brings a class action lawsuit against the Z & R Accounting Firm under Section 10b and Rule 10b-5 of the 1934 Securities Act. Angela, an accountant with the firm, had done an audit of the Pennymart Inc books. The audit failed to
disclose that Orrin, the president of Pennymart, had stolen large amounts of cash from the firm. Pennymart eventually filed for bankruptcy as a result of the thefts. What is the likely result of the suit?
A technique to shorten the duration of a project to meet the target dates best describes
A) project enhancement. B) fast tracking. C) thought process mapping. D) quantitative project assessment.