On a typical institutional investment how much should your venture expect to be paying in legal fees?
a. Zero, this is handled by the VC
b. $5,000 to $10,000
c. $20,000 or more
d. 50% of the amount you are raising
c. $20,000 or more
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Which of the following would be considered "the nature of a misstatement" that might make it material?
a. Comparing the sum of known and projected misstatements to total current assets. b. Comparing the sum of known and projected misstatements to total current liabilities. c. Comparing the sum of known and projected misstatements to pretax income. d. Having the effect of changing a positive earnings trend to a negative earnings trend.
Which of the following journal entries records the accrual of the cost of indirect labor used in production?
a. debit Work in Process Inventory, credit Wages Payable b. debit Work in Process Inventory, credit Manufacturing Overhead c. debit Manufacturing Overhead, credit Work in Process Inventory d. debit Manufacturing Overhead, credit Wages Payable
Prime cost equals manufacturing overhead cost.
Answer the following statement true (T) or false (F)
Herzberg says that pay is a hygiene factor, whereas others say it is a motivator. What do you say?
What will be an ideal response?