If the ratio of repairs and maintenance expense to property, plant, and equipment is higher than expected, which of the following is a plausible explanation?
A. The company purchased an unusual amount of new equipment.
B. The company forgot to depreciate all of its equipment.
C. An addition to a building was charged to repairs and maintenance expense.
D. Routine maintenance on an important piece of machinery was charged to repairs and maintenance expense.
Answer: C
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Gain on sale of plant asset
a. Balance Sheet—Property, Plant, and Equipment b. Balance Sheet—Intangible Assets c. Balance Sheet—Current Assets d. Balance Sheet—Other Assets e. Income Statement—Operating Section f. Income Statement—Other Revenue and Expense Section g. Statement of Cash Flows
Trevor Inc is a successful electronics company that has branches in the United States, Japan, China, and Europe. Trevor Inc is an example of a multinational company
Indicate whether the statement is true or false
Uberto and Vicki are married and own a mountain cabin in Wyoming in such a way that neither may transfer separately his or her interest during his or her lifetime. Uberto and Vicki own the lodge as
A. community property owners. B. tenants at sufferance. C. tenants by the entirety. D. tenants in common.
The authorization card campaign is useful to the union because it helps the union assess whether it has sufficient support to win a representation election.
Answer the following statement true (T) or false (F)