Which of the following organizations published “A Statement of Basic Accounting Theory” (ASOBAT)?
a. AAA
b. AICPA
c. APB
d. CAP
ANSWER: A
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If Blair Industries had $25 million in revenue and net income of $11 million, then its:
A. expenses must have been $14 million. B. assets must have been $25 million. C. assets must have been $11 million. D. expenses must have been $36 million.
What word is represented by the abbreviation: dz
Brody Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,300 units that were 40% completed. 13,000 units were started into the process during January. On January 31, the inventory consisted of 650 units that were 70% completed. What would be the equivalent units for conversion cost using the weighted average method?
A. 13,585 B. 14,105 C. 13,000 D. 14,300
What do cross-functional work teams typically consist of and which coordinating strategy best suits this work methodology?
What will be an ideal response?