Under U.S. GAAP, firms recognize restructuring costs when the firm has committed to and approved a restructuring plan that management will control
Indicate whether the statement is true or false
F
You might also like to view...
An extraordinary item must be either unusual in nature or infrequent in occurrence
a. True b. False Indicate whether the statement is true or false
Discuss the concept of total quality management
In David Sudnow’s (1967) study of hospitals, there were a high number of deaths in the morning. What was the reason for this?
a. Night staff had a culture of closely caring for terminally ill patients and keeping them alive, but once night staff went home the patients would die b. Night staff developed a culture of avoiding work that comes with completing paperwork and ‘cleaning up’ after death, so patient deaths would remain unreported until the morning c. Day staff developed a culture of neglect and so patients were more likely to die on their shifts than on night shifts d. Breakfast at the hospital was so bad that people preferred to die than eat it
A lumber mill bought a shipment of logs for $40,000. When cut, the logs produced a million board feet of lumber in the following grades. Compute the cost to be allocated to Type 1 and Type 2 lumber, respectively, if the value basis is used. Type 1-400,000 bd. ft. priced to sell at $0.12 per bd. ft.Type 2- 400,000 bd. ft. priced to sell at $0.06 per bd. ft.Type 3- 200,000 bd. ft. priced to sell at $0.04 per bd. ft.
A. $13,333; $4,444. B. $16,000; $16,000. C. $40,000; $24,000. D. $24,000; $12,000. E. $24,000; $8,000.