Identify the account below that is classified as a liability account:
A. Accounts Payable
B. Cash
C. Equipment
D. Salaries Expense
E. Retained Earnings
Answer: A
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The number of setups would be an example of an activity driver in activity-based costing
Indicate whether the statement is true or false
Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while still in good health, Rianna surrendered the policy and collected $95,000. In the year of collection, Rianna will report
A. $95,000 of taxable income. B. $5,000 of tax loss. C. no income. D. $30,000 of taxable income.
Sidgwick’s dualism argues that _______________ is necessary in an individual’s actions.
a. Utilitarianism b. Rational benevolence c. Ethical egoism d. Kent’s ethics
The early use of technological applications by governments using the Internet were to:
A) Create a web presence B) Provide interactive services C) Receive input from the public D) None of the above