How would interest earned on a checking account be dealt with in a bank reconciliation?
a. added to company's book balance
b. deducted from company's book balance
c. added to bank statement balance
d. deducted from bank statement balance
a
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When a stock dividend is distributed, the account to be debited would be
a. Retained Earnings. b. Stock Dividends Distributable. c. Paid-In Capital in Excess of Par. d. Capital Stock.
The primary goal of a financial manager should be to _____.
A. minimize operating costs B. minimize interest payments C. minimize tax payments D. maximize operating income each year E. maximize the value of the firm's stock
Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:Activity RateSetting up batches$59.06per batchProcessing customer orders$72.66per customer orderAssembling products$3.75per assembly hourData concerning two products appear below: Product K91BProduct F65ONumber of batches8450Number of customer orders3243Number of assembly hours483890How much overhead cost would be assigned to Product K91B using the activity-based costing system?
A. $9,097.41 B. $135.47 C. $4,961.04 D. $81,146.53
Kierofree Air Tours has the following payroll data for its November 5 pay date:
How much is the net pay?
A) $199,023.00
B) $185,216.26
C) $142,578.94
D) $124,660.35