Expenses can be matched against revenues:
A) if the earnings process is not complete.
B) when cash is collected from the sale of products.
C) in the same period as the revenue that it helped to generate.
D) when payment is made for costs related to revenue.
C
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Indicate whether the statement is true or false
Which of the following is not true for a regulated electric utility that has construction work in progress?
a. The political climate of the utility commission that will be ruling on the construction work in progress costs is not an issue to be considered. b. Most utility commissions allow no construction work in progress or only a small amount in the rate base. c. In the long run, everybody pays for inefficiency and excess capacity because disallowed costs are a risk that can drive the stock price down and interest rates up for the utility. d. Costs related to construction work in progress that are disallowed are, in effect, charged to the stockholders. e. Future income will not include a return on disallowed costs.
Using the above information provided for Good Sleep, the total variable overhead variance is
A) $4,500 (U). B) $500 (F). C) $79,500 (U). D) $30,000 (F).
A chief executive officer is telling a board of directors how much revenue was raised by renting out excess building space. This action is an example of ______.
A. being underwater B. managing fixed assets C. liquid asset management D. assessing long-term solvency