Which of the following items is required to be disclosed by geographic area?
A) interest expense
B) revenues from external customers
C) profit or loss
D) capital expenditures
Answer: B) revenues from external customers
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Provisions Company, a manufacturer of office supplies, provides the following financial information:
Calculate the return on investment for the Pen Division. (Round your answer to two decimal places.)
A) 13.22%
B) 9.23%
C) 13.33%
D) 13.11%
Parson Company issues $500,000 of 30-year, 8 percent bonds at 106. Interest is paid semiannually, and the effective interest method is used for amortization. Assume that the market interest rate for similar investments is 7 percent and that the bonds
are issued on an interest date. a. What amount was received for the bonds? b. How much interest is paid each interest period? c. How much bond interest expense is recorded on the first interest date (after the issue date)? d. What is the carrying value of the bonds after the first interest date (after the issue date)?
Plantwide overhead rates provide a more accurate computation of factory overhead than departmental overhead rates
Indicate whether the statement is true or false
In Trompenaars’ dimensions of value orientations, ______ is a belief that what is true and good can be discovered and applied universally, while ______ is a belief that unique circumstances determine what is right or good.
What will be an ideal response?