The answer is GAAP (General Accepted Accounting Principle) for answering the question above. The managerial accounting is the financial recording process for internal usage. A company uses this information for an evaluation and prediction basis. This process must also comply with<span> the GAAP. Thus, GAAP is the most suitable answer.</span>
Answer:
b. Pull the team member aside to discuss the details upsetting him or her in private.
Explanation:
<span>Selling stocks is not a way for the government to prevent a budget deficit. This would help a company or a bank, but it would do nothing to help a legislating body. Raising taxes or lowering spending levels can assist with closing up a spending gap, but the sale of stocks would not be of use.</span>
Answer:
$15.48
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Manufacturing overhead) ÷ (Direct labor-hours)
where,
Manufacturing overhead equals to
= Actual manufacturing overhead + over applied manufacturing overhead
= $362,380 + $9,140
= $371,520
So, the rate is
= $371,520 ÷ 24,000 hours
= $15.48
Answer:
C. Purchase of treasury stock
Explanation:
The purchase of treasury stock results in a change in the stockholder's equity and as such is recognized as a financing activity in the statement of cash flows.
For the other options, amortization expense is a non-cash item and is adjusted for in the net cash flows from operating activities.
Collection of notes receivable is a change in current assets hence it is reported under net cash flows from operating activities.
Sale of equipment is reported under net cash flows from investing activities.
Hence the right option is C. Purchase of treasury stock.
