How does the MPDQ differ from the PAQ?
a. The PAQ describes managerial jobs and the MPDQ does not.
b. The PAQ is standardized and the MPDQ is not.
c. The MPDQ describes managerial jobs and the PAQ does not.
d. The PAQ is more widespread than the MPDQ.
e. They do not differ.
c
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When using the direct method, how is the issuance of stock for cash shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
The difference between the standard hours worked for a specific level of production and the actual hours worked is the labor rate variance
Indicate whether the statement is true or false
Sales engineers are people with extensive knowledge of their product who also:
A) provide service on the product after the sale B) develop the product as part of the research and development team C) communicate the benefits of the product to the customers D) have advanced degrees in science or technology E) have graduate-level sales training
A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The journal entry to record the payment of the cash dividend is:
A. Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000. B. Debit Common Dividend Payable $12,000; credit Retained Earnings $12,000. C. Debit Dividend Expense $12,000; credit Cash $12,000. D. Debit Common Dividend Payable $12,000; credit Cash $12,000. E. Debit Dividend Expense $12,000; credit Common Dividend Payable $12,000.