Answer:
D) Materiality is a matter of professional judgement
Explanation:
Answer:
The correct answer is letter "B": Domestic.
Explanation:
Regardless of the type of entity, <em>Limited Liability Companies</em> (LLCs), <em>Limited Partnerships</em> (LPs), and <em>Limited Liability Partnerships</em> (LLPs), organizations that operate in the state where they were incorporated are called domestic. For example, if an LLP is formed in New York, the LLP will be considered a domestic entity within the state of New York.
Answer:
Customers walking into the fast-food restaurants and joining the shortest queues for food, or selecting a queue from lines of equal length, instead of choosing to wait in longer queues to purchase food.
Explanation:
The Consumer Electronics Division of General Electronics Company, which has a number of dozen factories all over the world, is run by production managers Gary Stevens and Mary James. Gary is in charge of the facility in EI Segundo, California, while Mary is in charge of the one in Des Moines, Iowa. If the entire division reaches or surpasses its yearly profit objective, production managers will get a bonus equivalent to 5% of their basic pay. The bonus is decided in March, following the completion and distribution to investors of the company's annual report.
Percentage Completion
The percentage of completion method involves the ongoing recognition of revenue and income related to longer-term projects. By doing so, the seller can recognize some gain or loss related to a project in every accounting period in which the project continues to be active.
PER UNIT COST 187.50
FINAL PROCESS COMPLETION PERCENTAGE 40%
FINAL PROCESS COMPLETION 204,000
COGS 289
TOTAL COGS 57,899,510
NET PROFIT 100,490
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