Cycle stock can occur at more than one point in a supply chain
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following would be included in the statement of cash flows in the financing activities section?
A. Issuing common stock in exchange for equipment will create a cash outflow in the investing activities section of the cash flow statement and a cash inflow in the financing activities section of the cash flow statement. B. Issuing a new class of common stock. C. Issuing common stock in exchange for land. D. Issuing common stock in exchange for a building.
Which of the following is true regarding the financial reporting entity of a state or local government?
A. Only a primary government is reported in the government-wide statements. B. A school district could never be a primary government. C. Many component units are discretely presented, rather than blended. D. Both Only a primary government is reported in the government-wide statements and a school district could never be a primary government are true.
In a breakeven graph, the slope the total cost line is dependent on the variable costs per unit
Indicate whether the statement is true or false
Welch Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur?
a. 1,150,000 b. 1,190,000 c. 1,200,000 d. 1,210,000