An outlier is
a. Something that happens outside the organization that does not affect production.
b. Always used in analyzing a mixed cost.
c. Something that happens inside the organization that does not affect production.
d. typically not used in analyzing a mixed cost.
d
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Alice, Noah, and Isaac are colleagues at Faxotell Inc. They meet every Saturday morning at the gym for workout sessions. In the context of the different types of groups, the gym group of Alice, Noah, and Isaac is a(n) ________ group.
A. informal B. task C. homogenous D. formal
An individual at the preconventional level of moral development defines what is right on the basis of some broader set of universal values and principles.
Answer the following statement true (T) or false (F)
Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $20,200 was made on credit, 2/10, n/30. The journal entry to record this purchase is:
A.
| Purchases | 20,200? | |
| Accounts Payable | 20,200? |
B.
| Purchases | 19,796? | |
| Accounts Payable | 19,796? |
C.
| Merchandise Inventory | 19,796? | |
| Accounts Payable | 19,796? |
D.
| Accounts Payable | 20,200? | |
| Merchandise Inventory | 20,200? |
E.
| Merchandise Inventory | 20,200? | |
| Accounts Payable | 20,200? |
A bond issue of $50,000 with a carrying value of $49,000 is converted into $10 par value common stock at the rate of fifty shares for each $1,000 bond. The entry to record the conversion of bonds would be:
a. Bonds Payable 50,000 Loss on Retirement of Bonds 1,000 Unamortized Bond Discount 1,000 Common Stock 50,000 b. Bonds Payable 50,000 Common Stock 25,000 Additional Paid-In Capital 25,000 c. Bonds Payable 50,000 Common Stock 25,000 Additional Paid-In Capital 24,000 Unamortized Bond Discount 1,000 d. Bonds Payable 49,000 Unamortized Bond Discount 1,000 Common Stock 25,000 Additional Paid-In Capital 25,000