As natural resources are used up the client has to recognize which of the following types of expense?
a. Depreciation expense.
b. Depletion expense.
c. Amortization expense.
d. Reclamation expense.
b
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If economic activity slows down, total costs could easily decline in which of the following categories?
a. variable costs and committed fixed costs b. variable costs and discretionary fixed costs c. variable costs only d. committed fixed costs only
The following items were reported on the balance sheets and income statement for Online Co: Accounts receivable, December 31, 2011 $ 250,000 Accounts receivable, December 31, 2012 225,000 Sales--2012 1,000,000 What amount would be reported in the operating activities section of Online's statement of cash flows for collections from customers under the direct method, assuming that all sales are on
credit? A) $ 975,000 B) $1,025,000 C) $1,225,000 D) $1,250,000
Kant and Rand do not agree on the importance of self-interest in ethical theory
Indicate whether the statement is true or false
Which of the following is false concerning unemployment insurance?
A) It is experience-rated. B) It originated in the Social Security Act of 1935. C) It is paid for by both the employee and employer in the form of a wage-based tax. D) It does not provide benefits to a worker who voluntarily quits a job.