In both the direct and step-down methods of allocating service department costs, any amount of the allocation base that is attributable to the service department whose cost is being allocated is ignored.
Answer the following statement true (T) or false (F)
True
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Oral communication allows you to evaluate while you are delivering the message, while written communication allows you to evaluate before delivering your message
Indicate whether the statement is true or false.
If an act is ultra vires, it is beyond the legal authority of the corporation
a. True b. False Indicate whether the statement is true or false
In community property states, property acquired by inheritance during the marriage is:
a. community property. b. separate property. c. a tenancy by the entirety. d. a tenancy in common.
Famous Danish Corp. is replacing an old cookie cutter with a new one. The cookie cutter is being sold for $25,000 and it has a net book value of $75,000
Assume that Famous Danish is in the 34% income tax bracket. How much will Famous Danish net from the sale? A) $61,000 B) $55,000 C) $75,000 D) $42,000