In a fully integrated standard costing system, standard costs eventually flow into the
A) Cost of Goods Sold account.
B) Standard Cost account.
C) Selling and Administrative Expenses account.
D) Sales account.
A
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What are the four environmental factors in environmental scanning?
What will be an ideal response?
For a global supply chain, exchange rates and inflation are
A) likely to vary over time in different locations. B) not likely to vary over time in different locations. C) not likely to vary over time in any locations. D) likely to be stable over time in all locations.
Goehler, Inc. acquires all of the voting stock of Kenneth, Inc. on January 4, 2017, at an amount in excess of Kenneth's fair value. On that date, Kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). Goehler has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). On December 31, 2018, Goehler has equipment with a book value of $975,000 but a fair value of $1,350,000 and Kenneth has equipment with a book value of $105,000 but a fair value of $125,000.If Goehler applies the initial value method in accounting for Kenneth, what is the consolidated balance for the Equipment account as of December 31, 2018?
A. $1,100,000. B. $1,468,000. C. $1,475,000. D. $1,080,000. E. $1,104,000.
Which of the following statements is MOST correct concerning a corporation's optimal capital
structure? A) The optimal capital structure minimizes the present value of financial distress costs and agency costs. B) The optimal capital structure occurs where the present value of the interest tax shield equals the present value of the firm's bankruptcy costs. C) The optimal capital structure maximizes the present value of the interest tax shield. D) The optimal capital structure occurs at the point where the market value of the levered firm is maximized.