Which type of words or phrases tend to be viewed as exaggerations?
A) Accusatory
B) Provocative
C) Trigger
D) Authentic
E) Biased
Answer: C
Explanation: C) Trigger words and phrases that make people feel dismissed, like, "That doesn't concern you." Other triggers include absolutes and exaggerations like "always" and "never."
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Which of the following statements about joint-cost allocation isĀ false?
A. Joint-cost allocation is useful in deciding whether to further process a product after split-off. B. Joint-cost allocation can be based on the number of units produced. C. Joint-cost allocation is useful in making a profit determination about individual joint products. D. Joint-cost allocation is helpful in inventory valuation. E. Joint-cost allocation can be accomplished by using several different methods that focus on sales value and product "worth."
Vent, Inc. reported net income of $770,000 for 2018. Vent sold 15,000 shares of treasury stock acquired in a previous year on July 1 and 15,000 new shares on November 1. At year-end, 180,000 shares were outstanding. Vent had 20,000 shares of $100 par value 7% preferred stock outstanding all year. Vent paid dividends to the preferred shareholders.The basic earnings per share for 2018 is (rounded)
A. $3.50 per share. B. $4.81 per share. C. $3.94 per share. D. $6.10 per share.
Under the FIFO cost flow assumption, separate unit cost analyses are not used for each accounting period because costs of different periods are averaged
Indicate whether the statement is true or false
Most people have about ____ hours each day during which they are most productive.
A. 2 B. 4 C. 8 D. 10