Criteria for selecting allocation bases for service department allocations should not include:
A. The ease of making an allocation.
B. The extent of facilities provided.
C. Direct, traceable benefits from the service.
D. Sales dollars generated during the period.
Answer: D
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Craig Company experienced an accounting event that is recorded in the T-accounts as follows:Cash19,000 Notes Payable 20,000 Discount on Notes Payable1,000 How does this event affect the elements of Craig's financial statements? Assets=Liab.+EquityRevenue?Expense=Net Inc.Cash FlowA.+=NA+++?NA=++ OAB.+=++?NA?+=?+ FAC.+=++NANA?NA=NA+ FAD.+=++NANA?NA=NA+ OA
A. Option A B. Option B C. Option C D. Option D
The value of IT investments often depend on the level of complementary resources, which can change over time.
Answer the following statement true (T) or false (F)
(CMA adapted, Dec 95 #29) Refer to the Winner Company example. The total value of inventory to be reported on the balance sheet as of September 30, Year 5, for Winner Company is
a. $22,000 b. $35,000 c. $12,000 d. $69,000 e. $96,000
The human resources director is entering employee skills and performance appraisal data into a computer. The data will be used in the strategic planning process to determine training needs. The director is using a _________.
A. human resource information system B. organizational chart C. balanced scorecard D. social media E. strategy