Answer:
a. A cost that is necessary for the overall operation of the business but not directly related to a contract
Explanation:
Option B - Allocable costs cannot be considered if the contractor is doing business with the government.
Option C - If the cost is exempted, it cannot be specifically allowable for a contract, or a cost that is beneficial to both the contract and other work.
Option D - Indirect costs cannot be allowable.
Option A - It is the right answer because allowable cost should be significant for the operations with an indirect relation with the contract. If it is linked with the overall operations, it can be considered as allowable to a contract.
Answer:
A. Debit Equipment and credit Cash.
- You purchase equipment and you pay in cash.
B. Debit Dividends and credit Cash.
C. Debit Wages Payable and credit Cash.
- You paid wages that you owed to your employees. Generally wages are paid at the end of the week and not all months end on a weekend. So you must record wages payable until you actually pay the wages.
D. Debit Equipment and credit Common Stock.
- You received equipment in exchange for common stock.
E. Debit Cash and credit Unearned Revenue.
- You received cash in advance for some food that you will deliver in the future.
F. Debit Advertising Expense and credit Cash.
- You incurred in advertising costs and you paid them in cash.
G. Debit Cash and credit Service Revenue.
- You sold meals and your clients paid you in cash.
Answer:
The 2019 book-tax difference associated with the stock options is $24,500 unfavorable
Explanation:
The steps to compute the book-tax difference is explained below:
Step 1: First we have to divide the total stock amount by two years so that we can find out the one year amount
Step 2: Then, compute the option amount for 2019, and subtract it from step 1
So, the total stock amount for year 1 equals to
= Issued non qualified stock options ÷ 2 years
= $59,000 ÷ 2
= $29,500
Now, the book difference would equal to
= $29,500 - (1,000 options × $5)
= $29,500 - $5,000
= $24,500 unfavorable
Answer: Relationship
Explanation:
The relationship orientation is one of the type of approach that helps in understanding the various types of function in an organization for meet the desirable goals and type standards.
It basically develop the mutual trust and the commitment regarding the relationship with customers by an organization for providing the effective products and the services.
According to the given question, the relationship orientation is developing the long term goals for buying the various types of new products that should be more compatible with the existing products and the services in the market.
Therefore, Relationship is the correct answer.