The direct method of preparing the statement of cash flows
A) results in more cash from operating activities, but less cash from investing activities, and the same total cash flow as the indirect method.
B) converts each item on the income statement to its cash equivalent.
C) reports interest and dividends received in the investing activities section.
D) All of these choices.
B
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The accounting for employee stock options involves amortizing the fair value of the stock options on the date of the grant over the requisite service period, which is
a. expected period of benefit. b. one year. c. two years. d. three years. e. five years.
A debit always means a decrease, and a credit always means an increase
Indicate whether the statement is true or false
The DBMS ranked as being the "easiest to use" in the text is Microsoft's SQL Server
Indicate whether the statement is true or false
Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermined overhead rate for fixed manufacturing overhead is $1.20 per machine-hour and the denominator level of activity is 6,600 machine-hours. In the most recent month, the total actual fixed manufacturing overhead was $8,340 and the company actually worked 6,400 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,480 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?
A. $144 Unfavorable B. $96 Favorable C. $240 Favorable D. $240 Unfavorable