Green River Energy Corporation wants to begin operations that include the discharge of waste into navigable waters. Under the Clean Water Act, Green River must install certain equipment
a. after beginning operations.
b. before beginning operations.
c. during operations.
d. only if a regulatory agency challenges the discharge.
b
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Black Hills Manufacturing has two processing departments, Department I and Department II. During the year, direct materials worth $38,000 purchased on account were assigned to Department I. At the end of the year, when the production cost report for Department I was prepared, Black Hills assigned $40,000 to the units transferred from Department I to Department II. The journal entry to record the transfer of units to Department II will ________.
A) debit Work-in-Process Inventory—Department II for $38,000 and credit Work-in-Process Inventory—Department I for $38,000 B) debit Work-in-Process Inventory—Department I for $40,000 and credit Work-in-Process Inventory—Department II for $40,000 C) debit Work-in-Process Inventory—Department I for $38,000 and credit Work-in-Process Inventory—Department II for $38,000 D) debit Work-in-Process Inventory—Department II for $40,000 and credit Work-in-Process Inventory—Department I for $40,000
Which of the following is not true?
a. Acquisition cost for a merchandising firm includes the costs incurred to purchase and transport the inventory prior to sale. b. Acquisition cost for a manufacturing firm includes the direct material, direct labor, and manufacturing overhead cost to produce the inventory. c. If the market values of inventory items decline below acquisition cost prior to sale, firms must reduce their balance sheet carrying values using the lower of cost or market method. d. U.S. GAAP uses a combination of replacement cost and net realizable values to measure market value. e. U.S. GAAP and IFRS permits firms to remeasure inventories upward when market value exceeds acquisition cost.
One of the responsibilities of HR managers is to provide strategic advice and counsel to supervisors.
Answer the following statement true (T) or false (F)
Which of the following scenarios is most likely to be valued in feminine cultures?
A. Pilar making a point that everyone sees her accomplishment B. Caterina confronting her boss about poor business practices C. Frances working hard to reach her goals D. Deanna valuing relationships over money E. Sara winning an honor