If an investment project would make use of land which the firm currently owns, the project should be charged with
A) a sunk cost.
B) an opportunity cost.
C) amortization.
D) interest.
Answer: B
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According to the text, the last step in the report preparation and presentation process is ________
A) problem definition B) data analysis C) recommendations D) research follow-up E) reading of the report by the client
Communication through a telephone call is considered a part of a(n) ________ communication channel
A) online B) nonverbal C) personal D) nonpersonal E) unidirectional
Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to measure trading securities at fair value and recognize
unrealized holding gain in net income on December 31, 2013. a. Cash.....................................................2,000 Marketable Securities..................................... 2,000 b. Other Comprehensive Income.................2,000 Marketable Securities..................................... 2,000 c. Marketable Securities..............................2,000 Other Comprehensive Income........................ 2,000 d. Marketable Securities..............................2,000 Unrealized Holding Gain on Trading Securities........................................ 2,000 e. Marketable Securities..............................2,000 Realized Holding Gain on Trading Securities......................................... 2,000
In the Excel, or spreadsheet, approach to recording financial transactions, indirect labor paid in cash is recorded as a decrease in the Cash column and as an increase in the Work in Process column.
Answer the following statement true (T) or false (F)