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Accounting Expert Answers & Study Resources : Page 120

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21) Canada, like most taxing authorities, uses different methods for calculating depreciation for tax purposes. The Income Tax Act uses which of the following methods? A) accelerated amortization B) straight-line and accelerated amortization C) straight-line, double declining balance, and accelerated amortization D) straight-line and declining balance E) double declining balance and accelerated amortization only 22) Wilf.

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  • 21) Canada, like most taxing authorities, uses different methods for
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21) Which of the following is NOT a responsibility centre within an organization, whether centralized or decentralized? A) cost centre B) profit centre C) revenue centre D) savings centre E) investment centre 22) All of the following are benefits of decentralization EXCEPT A) it creates greater responsiveness to local needs. B) it decreases management and worker morale. C) it.

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  • 21) Which of the following NOT a responsibility centre within
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23.3   Assess the market-based transfer price method. 1) When the intermediate market is perfectly competitive, interdependencies of subunits are minimal, and there are additional costs to the corporation as a whole in using the market instead of transacting internally. 2) When demand outstrips supply, market prices may drop below historical averages. These.

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  • 23.3   Assess the market-based transfer price method. 1) When the intermediate
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23.1   Integrate the accounting internal control system assurance framework with existing legislation. 1) A management control system is a means of gathering and using information to aid and coordinate the process of making planning and control decisions throughout the organization, and to guide employee behaviour. 2) Subunit managers are better informed about.

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  • 23.1   Integrate the accounting internal control system assurance framework with
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61) Outline and discuss the steps involved in making decisions on performance measures. 1.Identify and align accounting performance measures with financial goals. 2.Decide on time horizons appropriate for each performance measure. 3.Decide on how to define the components in each performance measure. 4.Decide on an appropriate measurement method for each performance measure. 5.Decide on criteria/targets.

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  • 61) Outline and discuss the steps involved in making decisions
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  9) The Production Division has no alternative use for the facilities used to manufacture the stuffing. What is the monthly operating income advantage (disadvantage) if the goods are purchased internally? A) $400,000 B) $640,000 C) $240,000 D) $(240,000) E) $(400,000) 10) What is the monthly operating advantage (disadvantage) of purchasing the goods internally assuming the Production.

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  •   9) The Production Division has no alternative use for the
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30) What is the purpose of the internal control system within an organization? 31) Discuss some of the recent legislation and frameworks relating to assurance and internal controls. 23.2   Apply transfer-pricing processes. 1) Products transferred between subunits within an organization are considered intermediate products. 2) Department A charges Department B $1,350 for copying services.

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  • 30) What the purpose of the internal control system within
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69) Capital Investments has three divisions. Each division's required rate of return is 15 percent. Planned operating results for 2011 are: a.Compute the current ROI for each division. b.Compute the current residual income for each division. c.Rank the divisions according to their current ROIs and residual incomes. d.Determine the effects after adding the new.

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  • 69) Capital Investments has three divisions. Each division's required rate
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23.5   Analyze income tax considerations in multinational transfer pricing. 1) Additional factors that arise in multinational transfer pricing include tariffs and customs duties levied on imports of products into a country. 2) It is possible to increase the overall after-tax profit of a multinational corporation by adjusting transfer prices. 3) A Canadian.

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  • 23.5   Analyze income tax considerations in multinational transfer pricing. 1) Additional
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21.4   Assess the complexities in capital budgeting within an interdependent set of value-chain business functions. 1) Companies should make decisions concerning investing in computer-integrated technology, based solely on the relevant costs. 2) "Faster response to market changes" is a benefit of computer-integrated technology. 3) The accrual accounting rate of return for evaluating performance.

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  • 21.4   Assess the complexities in capital budgeting within an interdependent
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21) Which of the following incorporates the amount of investment into a performance measure? A) dividend income B) residual income C) return on investment D) both residual income and return on investment E) both dividend income and residual Use the information below to answer the following question(s).   Berger Publishing has two divisions which operate autonomously. Their results.

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24.1   Analyze and evaluate alternative measures of financial performance. 1) Many common performance measures rely on internal financial and accounting information. 2) Some companies present financial and non-financial performance measures for various organization units in a single report called the financial performance scorecard. 3) In establishing performance measures and compensation policy, the issues.

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  • 24.1   Analyze and evaluate alternative measures of financial performance. 1) Many
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31) What is the balance in the Class 8 pool after the addition of the new equipment? A) $350,000 B) $410,000 C) $450,000 D) $430,000 E) $460,000 32) What is the CCA claim in year 1? A) $3,500 B) $7,000 C) $8,000 D) $16,000 E) $18,400 33) What are the tax savings in year 2 from the investment? A) $3,500 B) $7,000 C) $8,000 D) $5,040 E).

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  • 31) What the balance in the Class 8 pool after
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