Which of the following is a function of the steering committee for the information systems (IS) department?
A) writing program code
B) imparting training
C) adapting software
D) setting IS priorities
D
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The following information has been obtained from the Mastic Corporation: 550,000 shares of common stock were outstanding on January 1, 2018. Bonds convertible into 50,000 shares of common stock were issued on July 1, 2018; the bonds have been determined to be dilutive. 36,000 shares of common stock were issued on November 1, 2018. 24,000 shares of common stock were purchased on December 1, 2018. What is the weighted average number of shares to be used in the calculation of diluted earnings per share for 2018?
A. 587,000 B. 604,000 C. 612,000 D. 579,000
Johnson Manufacturing has the following selected information available for the year: Direct material purchased $ 40,000 Direct material used 45,000 Direct labor incurred 75,000 Manufacturing overhead incurred 50,000 Cost of goods manufactured 100,000 In addition, the cost of the finished goods inventory increased by $10,000 from the beginning to the end of the year. Cost of goods sold for the
year is: A) $ 80,000. B) $170,000. C) $ 90,000. D) $110,000.
Membership in the American Institute of Certified Public Accountants (AICPA) is suspended without a hearing if a judgment of conviction is filed with the secretary of the institute related to all but which of the following?
A) willful failure to file an income tax return, which the CPA as an individual is required to file B) filing a fraudulent return on the part of the CPA for his or her own return or that of a client C) aiding in the preparation of a fraudulent income tax return of a client D) negligent failure to file an income tax return, which the CPA as an individual is required to file
In most states, but not under the Revised Act, cumulative voting is permissive and not mandatory
a. True b. False Indicate whether the statement is true or false