Answer:
The differential cost = $8.55
Explanation:
When there is a contrast between the cost of two alternatives to decide to process further or not, it is termed as a differential cost. Company uses the differential cost concept when there are more than one products to produce.
Here, the company has two products - Product J and Product D. Product J is selling currently with a cost of $15.75. If the company wants to produce Product D, they need additional $8.55 cost. Therefore, $8.55 is the differential cost of producing product D.
Answer:
d. a prior period adjustment.
Explanation:
Correction of the error when discovered in the next year should be treated as a prior period adjustment. This is basically because the error was already recorded in the past financial report. Since these reports are final and cannot be changed, then the correction to this error needs to be implemented in the next year's financial report and would reflect on that year's income taxes. The process of doing this is known in accounting as a prior period adjustment
Answer:
Please refer the attachment to have the solution with explanation
The judicial branch can over rule or deem a law or veto, unconstitutional.
Answer:
The answer is: C) all members of the FASB are fully remunerated, serve full time, and are independent of any companies or institutions.
Explanation:
The FASB Board has 7 members which serve full time and get paid for doing it. Before their appointment to the board, they must cut all ties with any firms or institutions. Board members are appointed for five year terms and are eligible for one reappointment (another five more years).
