Which of these are reasons for partitioning a system?
A) to keep transactions secure
B) to make it easier to move to a new system
C) to allow the system to be upgraded later
D) to ensure that if the business is sold, the data can be given to the new owners
A
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Cooper Company had overapplied factory overhead of $2,00 . last year. Assuming the amount was considered small enough not to materially distort net income, the entries needed to close factory overhead are:
a. Factory Overhead 2,000 Applied Factory Overhead 2,000 Applied Factory Overhead 2,000 Cost of Goods Sold 2,000 b. Factory Overhead 2,000 Under- and Overapplied Factory Overhead 2,000 Cost of Goods Sold 2,000 Under- and Overapplied Factory Overhead 2,000 c. Factory Overhead 2,000 Under- and Overapplied Factory Overhead 2,000 Under- and Overapplied Factory Overhead 2,000 Cost of Goods Sold 2,000 d. Factory Overhead 2,000 Applied Factory Overhead 2,000 Applied Factory Overhead 2,000 Cost of Goods Sold 2,000
Which of the following is a difference between component parts and supplies?
a. Component parts require extensive processing before they become part of another product, while supplies do not. b. Component parts are consumable items, while supplies are finished items. c. Component parts become part of a final product, while supplies do not. d. Component parts are inexpensive when compared to other business products, while supplies are expensive.
Linda had a swimming pool constructed at her house. Her physician advised and prescribed to her that the pool would slow the effects of her degenerative disease. The pool was not suitable for recreational use. Prior to the construction of the pool, the fair market value of her house was $172,000. After the construction of the pool, the appraised fair market value of the house was $181,000. The cost of the pool was $13,000. What is the amount of Linda's qualified medical expense (before considering limits based on AGI)?
A) $0 B) $4,000 C) $9,000 D) $13,000
An environmental impact statement is required by NEPA if federal legislation or action will have a significant environmental effect
Indicate whether the statement is true or false