OSHA's hazard communication standard requires:
a. specific content and methodology regarding the training of employees in hazards that they might reasonably encounter on the job
b. that employers maintain material safety data sheets for all hazardous chemicals used in the workplace
c. that employers provide employees with information about evacuation routes and other emergency procedures
d. all of the above
e. none of the above
B
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Costs for which of the following activities would not be included as part of research and development (R&D) costs?
A) ?testing in search for or evaluation of product or process alternatives. B) ?adaptation of an existing capability to a particular requirement or customer's need as part of a continuing commercial activity. C) searching for applications of new research findings or of other knowledge?. D) ?design, construction, and testing or preproduction prototypes and models.
The Cardwell Company purchased a machine on January 2, 2016, at a cost of $1,200,000. The machine had an estimated useful life of eight years and a residual value of $120,000. Cardwell computes depreciation by the sum-of-the-years'-digits method. What amount, net of accumulated depreciation will appear on the company's December 31, 2018, balance sheet for this machine?
A) $570,000 B) $630,000 C) $805,094 D) $1,080,000
Future tax deductions
a. result in deferred tax assets. b. result in deferred tax liabilities. c. occur where the tax basis of liabilities is more than the financial reporting basis. d. occur where the tax basis of assets is less than financial reporting basis.
Which of the following is a characteristic of a product or good (i.e., not a service)?
a. helps to transform the customer physically or psychologically b. is intangible c. can be inventoried (i.e., produced and used later) d. always requires a high degree of customer contact