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BUS 475 Final Exam 5




BUS 475 Final Exam 5;1) Managerial accounting __________.;3) The income statement and balance sheet columns of Pine Company?s worksheet reflects the following totals;Income Statement Balance Sheet;Dr. Cr. Dr. Cr.;Totals $58,000 $48,000 $34,000 $44,000;The net income (or loss) for the period is __________.;4) Of the following companies, which one would not likely employ the specific identification method for inventory costing?;5) The standards and rules that are recognized as a general guide for financial reporting are called __________.;6) Disney?s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to increase $40,000, by how much will the company?s net income increase?;7) Balance sheet accounts are considered to be __________.;8) Multinational corporations __________.;9) What effect do current technology changes have on managerial accounting?;10) The cost principle is the basis for preparing financial statements because it is __________.;11) Which one of the following


Paper#22700 | Written in 18-Jul-2015

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