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NEW QUESTION: 1
The following items were among those that were reported on Lee Co.'s income statement for the year
ended December 31, 1989:
The office space is used equally by Lee's sales and accounting departments. What amount of the above
listed items should be classified as general and administrative expenses in Lee's multiple-step income
statement?
A. $290,000
B. $325,000
C. $500,000
D. $410,000
Answer: A
Explanation:
Note: 1/2 of the office space of $240,000 was used by the sales department, which should be allocated to
"selling expenses" (not general and administrative).
Choice "a" is correct. $290,000.
NEW QUESTION: 2
Your project sponsor has asked you to produce a Risk Management Plan for your current project. Which of the following best describes how you should tailor the plan to your project?
A. The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project
B. The plan must be predefined templates as defined by the organization
C. The plan must include the predefined roles and responsibilities as they relate to risk management.
D. The plan must include the predefined risk management policies as they relate to the organization
Answer: A
NEW QUESTION: 3
KEY FIGURES AND ATTRIBUTES
Which of the following attributes types can be used in the result of a disaggregation expression?
Note: There are 2 correct answers to this question.
A. DECIMAL (18,6)
B. INTEGER
C. TIMESTAMP
D. NVARCHAR
Answer: B,D