Danube Company purchased a used machine for $12,000. The machine required installation costs of $3000 and insurance while in transit of $1500. At which of the following amounts would the machine be recorded?
A) $12,000
B) $15,000
C) $13,500
D) $16,500
D) $16,500
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The accounting entry for the additions to equipment that increase the usefulness of equipment includes
a. debiting Repair Expense and crediting Equipment; b. debiting Cash and crediting Equipment; c. debiting Equipment and crediting Cash or a liability account; d. debiting Equipment Expense and crediting Cash or a liability account; e. debiting Equipment and crediting Purchases
A manufacturer will adjust accounts other than manufacturing accounts during the adjusting process
Indicate whether the statement is true or false
If your firm wanted to determine the relative worth of various jobs within the firm it would:
a. conduct a job analysis b. develop a job evaluation system c. develop a job specification d. develop a job description e. conduct job enrichment
Which one of the following corporate board characteristics usually improves corporate governance?
A. The board has a majority of outsiders who have experience and aren't too busy. B. CEO is the chairman of the board. C. The board is as large as is possible. D. Board members are paid at a rate higher than their peers and their payment is mostly cash. E. The board has a majority of insiders from company management on it who bring first-hand knowledge of how the company operates.