It is possible to have two or more operating systems stored on a single computer by ____________________ a hard disk to contain different operating systems.
Fill in the blank(s) with the appropriate word(s).
partitioning
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If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of
a. Comparability b. Consistency c. Neutrality d. Understandability
Which of the following is true regarding the provisions of IAS 39?
a. IAS 39 does not require unrealized gains and losses on trading securities to be recognized as part of net income. b. IAS 39 requires gains and losses on available for sale securities to be recognized as part of net income. c. IAS 39 allows companies to choose between recognizing gains and losses on available-for-sale securities as part of net income or as part of stockholders' equity. d. IAS 39 allows companies to choose between recognizing gains and losses on trading securities as part of net income or as part of stockholders' equity.
Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. Fixed factory overhead cost $38,500 Fixed selling and administrative costs 7,500 Variable direct materials cost per unit 4.60 Variable direct labor cost
per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The markup percentage on total cost for the company's product is: A) 21.0% B) 22.7% C) 15.8% D) 24.0%
Which of the following is an example of preferred wording for commenting on peer writing?
A) I don't like this. B) You really need to make this part clearer. C) I was confused by this paragrah. D) Have you thought about using the spell-check feature? E) Take a grammar class and then edit this document again.