Which of the following accounts would not need to be adjusted at year end?
A) Prepaid Rent.
B) Common Stock.
C) Equipment.
D) Unearned Rent Revenue.
B
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Identify the statement that challenges Albert Carr's analogy that, like poker, business is a game that has its own rules and, therefore, is exempt from ordinary requirements of morality.
A. Even if business did have its own set of ethical conventions, that fact alone does not exempt it from ordinary ethical evaluations. B. Unlike poker games, individual often have no choice but to participate in business practices. C. Carr overestimates the prevalence and acceptability of dishonesty within business. D. There are major disanalogies between business and games like poker that weaken the conclusions drawn from Carr's analogy. E. All of the answers are correct. F. None of the answers are correct.
Latitude of ______ occurs when new information causes a person to neither accept or reject a position but instead maintain his or her original position.
a. acceptance b. noncommitment c. rejection d. understanding
Giga Company uses a weighted average process cost system. The department started and finished 129,000 units during the current period. The ending inventory consists of 60,000 units that are 75% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $262,500 and overhead costs of $126,000.(a) Compute the equivalent cost per unit for direct labor.(b) Compute the equivalent cost per unit for overhead.
What will be an ideal response?
In unionized firms, layoffs are only based on performance.
Answer the following statement true (T) or false (F)