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1.One goal of managerial accounting is to: A) Help investors decide whether they should invest in the company. B) Help creditors decide whether they should loan money to the company. C) Help the IRS decide whether they should put a lien against company assets. D) Help the controller put together an operating budget for the company 2.The Sarbanes-Oxley Act requires that companies provide relevant managerial accounting information to decision-makers. A) TRUE B) FALSE 3.Managers should consider ethical aspects of their decisions because: A) They may get a poor performance report. B) Good ethics leads to higher stock price. C) They may be convicted and sentenced. D) They are all trained to do so.
In August direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54000 and the direct materials cost was $34000, the direct labor cost was:
The deferred income tax liability: a. Represents income tax payments that are deferred until future years because of temporary differences between GAAP rules and tax accounting rules. b. Is a contingent liability.
Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of staff hours for Operating Departments 1 and 2 follow:
Allocate the total costs between the completed valves and the valves in ending inventory.
updraft systems inc. makes paragliders for sale through specialty sporting goods stores. the company has a standard
charles austin of the controllers office of thompson corporation was given the assignment of determining the basic and
when a company sells the product for cash it generally recognizes the revenue. but therere situations when it isnt
suits are often brought against auditors that allege that the auditors did not detect some type of fraud or
how do you find what the earnings before interest and income tax are in a business financed at 10000000. 10 bonds
A trial balance prepared by an inexperienced accountant showed total debits of $540,000 and total credits of $450,000. This discrepancy is most likely due to which type of error?
houston has a 27600 debt that she wishes to repay 4 years from today she has 19553 that she intends to invest for 4
in 2013 tommys construction corp began construction work under a three- year contract. the contract price is 1600000.
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