Horizontal analysis is the comparison of a company's financial condition and performance to a base amount.
Answer the following statement true (T) or false (F)
False
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When numeric data is exaggerating to promote one idea, or omitted to minimize the consequence of the data, what type of unethical activity is taking place?
A) Distorting visuals B) Misrepresenting numbers C) Selective misquoting D) Plagiarism E) Omitting essential information
Bond Company uses a plantwide overhead rate with direct labor hours as the allocation base. Use the following information to solve for the amount of direct labor hours estimated per unit of product G2.Direct material cost per unit of G2$7 Total estimated manufacturing overhead$787,500 Total cost per unit of G2$22 Total estimated direct labor hours 450,000DLHDirect labor cost per unit of G2$4.25
A. 11.25 DLH per unit of G2. B. 9.3 DLH per unit of G2. C. 6.14 DLH per unit of G2. D. 1.75 DLH per unit of G2. E. 0.66 DLH per unit of G2.
Latashia reports $100,000 of gross income on her 2018 tax return, filed on the april 17,2019 due date.She omits $30,000 of income,but error was not fraudulent. When does the statue of limitations for examining her tax return expire?
A: April 17,2025 B: April 17, 2022 C: April 17 2021 D: It never expires.
Matt tells Ron that the snow boots he is selling are capable of protection at temperatures of 20° below zero. Ron orders a pair for his trip to Greenland. Upon delivery the box states "will protect your feet in temperatures down to 30° below zero." The first night's temperature goes down to 27 below. Ron suffers frostbite on all of his toes. Ron then sues for breach of warranty. What is the
result? a. Breach, because the latter express warranty is valid. b. No breach because Matt's statement was merely opinion. c. No breach because Matt said 20° below zero. d. No breach because Matt is allowed to be wrong.