Which of the following approaches allocates overhead by multiplying an actual overhead rate × actual activity?
A. Regression costing.
B. Actual costing.
C. Normal costing.
D. Standard costing.
Answer: B
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The purchase of office equipment on credit has what effect on the accounting equation?
a. Assets increase and liabilities increase b. Liabilities increase and stockholders' equity decreases. c. Assets decrease and stockholders' equity decreases d. Assets decrease and liabilities decrease.
Withdrawals of cash by the owner for personal reasons decrease owner's equity and should be debited directly to the owner's capital account
Indicate whether the statement is true or false
Samuel’s supervisor is reviewing his attendance and punctuality record as part of an annual evaluation. This type of evaluation is known as a _________ appraisal.
A. trait B. behavior C. results D. statistical E. None of the above
Jackson Plumbing Services earned $500 by completing a job for Smith Company. The $500 earned by Jackson Plumbing Services is its ________
A) revenue B) equity C) gain D) debt