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Accounting Expert Answers & Study Resources : Page 181

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68) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation on factory equipment $ 35,000 Caps for bottles $ 3,000 Plastic bottles $ 52,000 Reconfiguring the assembly line $123,000 Salaries of salespeople $ 63,000 Customer support hotline $ 12,000 Salaries of research scientists $ 65,000 Delivery expenses .

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  • 68) Joe's Bottling Company provided the following expense information for
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110) Performing duties in accordance with relevant laws, regulations, and technical standards comprise the IMA professional ethics standard of A) credibility. B) competence. C) integrity. D) confidentiality. 111) Inflating your expenses for a company-sponsored conference is a violation of what ethical standard? A) Credibility B) Integrity C) Competence D) Confidentiality 112) To ensure a profit in the current.

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  • 110) Performing duties in accordance with relevant laws, regulations, and
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40) Which of the following people is most likely to only use financial accounting information? A) Vice president of plant operations B) Product manager C) Plant manager D) Bank loan officer 41) Managerial accounting would use which of the following types of information? A) Forecasts of future earnings B) Financial information C) Nonfinancial information D) All of the above.

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  • 40) Which of the following people most likely to only
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1) Service companies must carry a large amount of inventory to meet consumer demand. 2) Manufacturing companies usually have three types of inventory. 3) Retailers sell their products to consumers. 4) Merchandising companies include both wholesalers and retailers. 5) All companies have the same types of inventories. 6) Only manufacturing companies have finished goods inventory. 7).

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  • 1) Service companies must carry a large amount of inventory
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30) Internal users such as managers are the primary users of managerial accounting information. 31) The primary managerial accounting product is the company's audited financial statements. 32) Managerial accounting information emphasizes relevance over reliability and objectivity. 33) Managerial accounting information tends to report on segments of the business. 34) Managerial accounting.

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  • 30) Internal users such as managers the primary users of
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130) The Sarbanes-Oxley Act was designed to hold corporations accountable for internal control and financial reporting functions. 131) The Sarbanes-Oxley Act has significantly impacted the responsibility for financial reporting by publicly traded corporations. 132) CPA firms cannot provide consulting services for their current audit clients. 133) Trends in the modern business environment include.

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33) On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. You may use a letter more than once and some letters may not be used at all. A. Materials inventory E. Work in process inventory B. Service companies F. Manufacturing companies C. Merchandise inventory G. Merchandising companies D. Finished goods inventory ____typically have a.

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  • 33) On the line in front of each statement, enter
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11) Schlabig & Associates, a public accounting firm, is what type of company? A) Manufacturer B) Retailer C) Service D) Wholesaler 12) Jiffy Lube, an automotive maintenance company, is primarily what type of company? A) Manufacturer B) Retailer C) Wholesaler D) Service 13) Among other products, Nabisco makes Oreo cookies. Which type of company is Nabisco? A) Service B) Manufacturer C) Retailer D).

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  • 11) Schlabig & Associates, a public accounting firm, what type
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120) Which of the following is an example of the IMA's integrity standard? A) Provide decision support that is accurate, clear, concise and timely. B) Keep information confidential, except when disclosure is legally required. C) Communicate information fairly and objectively. D) Abstain from engaging in or supporting any activity that might discredit the profession. 121).

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  • 120) Which of the following an example of the IMA's
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11) Which of the following is not one of the primary responsibilities of management? A) Adhering to GAAP B) Planning C) Directing D) Controlling 12) Planning involves which of the following activities? A) Evaluating the results of operations B) Overseeing the company's day-to-day operations C) Setting goals and objectives for the company D) None of the above 13) Which of.

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  • 11) Which of the following not one of the primary
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70) Managerial accountants only need a solid understanding of managerial accounting, and not financial accounting. 71) What position is typically responsible for financial accounting, managerial accounting, and tax reporting? A) Controller B) Treasurer C) CFO D) Audit committee 72) Despite the proliferation of technology, managerial accountants are still needed to provide professional judgment in which.

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  • 70) Managerial accountants only need a solid understanding of managerial
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140) XBRL will be required of both public and private companies. 141) Managerial accounting has its roots in the industrial age of manufacturing. 142) Lean thinking is both a philosophy and a business strategy of manufacturing without waste. 143) The American Institute of Certified Public Accountants was the first professional membership organization in.

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  • 140) XBRL will be required of both public and private
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