Consequential damages include lost profits and injury to person or property resulting from defective performance
Indicate whether the statement is true or false
True
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Relevant costs in a sell or process-further decision include
a. costs of additional processing. b. both additional revenues and additional costs. c. revenues after additional processing. d. joint product costs.
Rock Creek Bottling Company pays its production manager a salary of $6,000 per month. Salespersons are paid strictly on commission, at $1.50 for each case of product sold.For Rock Creek Bottling Company, the cost of the salespersons' commissions is an example of:
A. a mixed cost. B. a fixed cost. C. a variable cost. D. none of these
In its first year of operations, Lear Company reported financial statement income (prior to income tax expense) of $100,000 . In the same year, Lear Company reported $80,000 of taxable income, the difference being due to temporary differences. Assuming the enacted tax rate for the current year and all future years is 30%, what is Lear's current year adjustment for deferred income taxes?
a. Debit to Deferred Income Tax Liability for $6,000 b. Debit to Income Tax Expense for $6,000 c. Credit to Income Taxes Payable for $6,000 d. Credit to Deferred Income Tax Liability for $6,000 e. Credit to Income Tax Expense for $6,000
As a job candidate, the purposes of an interview are to convince the employer of your potential, learn more about the job and the company, and expand on the information on your résumé
Indicate whether the statement is true or false