Which of the following items is consistent with earnings being informative about current performance but not informative about future earnings?
a. The firm recognizes an unexpected gain
b. The firm recognizes a fair value gain on a financial asset as a result of a favorable move in interest rates.
c. The firm recognizes additional expenses this period due to pre-opening costs associated with new stores.
d. The firm experiences a large jump in sales and earnings as a result of successful research and development of new products.
B
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Among the results of convergence will be
A. increases in the cost of listing for U.S. companies abroad. B. increased competition to list in U.S. stock markets. C. increased ambiguity about which standards are operating. D. more integrated financial markets and cost savings related to harmonization.
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $8.90 per MH. The company had budgeted its fixed manufacturing overhead cost at $66,000 for the month. During the month, the actual total variable manufacturing overhead was $66,900 and the actual total fixed manufacturing overhead was $69,000. The actual level of activity for the period was 7000 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?
A. $4600 favorable B. $7600 favorable C. $7600 unfavorable D. $4600 unfavorable
Steph works in a company that uses a piecework system. She is an extremely efficient and is capable of producing more units per hour. However, she monitors the productivity rate of her colleagues and is careful to never work at a faster pace than them. Steph is limiting her own productivity to avoid
a. favoritism. b. differentiation. c. rate busting. d. free-riding.
In the AOA method, ______.
a. an arrow represents an activity b. a node represents cost of the activity preceding the node c. a node represents time for the activity d. an arrow represents the cost of the activity