A debit may signify a(n)
a. decrease in asset accounts
b. decrease in liability accounts
c. increase in the capital account
d. decrease in the drawing account
Question 2
When using a normal costing system, year-end accounting records will show that indirect costs are ________.
Legal Advisory Inc., employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2014:
Budget Actual
Indirect costs 270,000 300,000
Annual salary of each attorney 100,000 110,000
Annual salary of each paraprofessional 29,000 30,000
Total professional labor-hours 50,000 dlh 60,000 dlh
A) perfectly allocated
B) underallocated
C) within budget
D) overallocated
Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
Meiosis Accounts for Independent Assortment of Alleles
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Economic recession in 2008 saw a small decrease in demand
Electricity production accounts for 25% of greenhouse gas emissions
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...