Explanation:
A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions with other items as prices vary.
Answer:
The statement which is incorrect or not true is Option A.
Explanation:
Juanita owns 60% of stock in the corporation, so from the profit of $200,000 in the current year, she should report
= $200,000 × 60%
= $120,000
But the Corporation distributed $45,000 to Juanita. Therefore, she should report only $45,000 for this year not $120,000.
Therefore, the first option is incorrect.
Answer:
e. 10,500 units.
Explanation:
<em>the equivalent units of production - direct materials</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
<em>the equivalent units of production - conversion costs</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
Answer:
Consumer Financial Protection Bureau
