Which of the following is not an advantage of the corporate form of business organization?

Easy to raise funds.

Easy to transfer ownership.

No personal liability.

Favorable tax treatment.

Most companies allocate facility-level activity costs directly to products for decision-making purposes. True or false?

Yuvil corporation produces a single product. at the end of the company's first year of operations, 1,000 units of inventory remained on hand.

An inmate escapes from the county prison. There is a $500 reward offered for any information leading to the capture of the inmate.

Early in the accounting period, Appreciative Client paid $3,000 for services in advance of receiving them; Cash was debited and Unearned Service Fees was credited for $3,000.

Murphy & Murphy Enterprises expects the following for 2018: Net cash provided by operating activities of $ 228 comma 000 Net cash provided by financing activities of $ 15 comma 000 Net cash provided by investing activities of $ 68 comma 000 Cash

A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following? A) decrease in the average price level B) increase in the average price level C) increase in real output

Free market economy how are prices set?

Patel Service Co. does make a few sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During Year 1, Patel Service Co.

Accepting a special order will improve overall net operating income if the revenue from the special order exceeds: a. the contribution margin on the order. b. the incremental costs associated with the order. c.

The debit side of an account a. depends on whether the account is an asset, liability, or owner's equity b. is the left side of the account c. can be either side of the account depending on how the accountant set up the system d.