Question
1. Which of the following does NOT describe financial accounting? financial statements for the bank Balance sheet used only for internal decision making SEC filings
1. Which of the following does NOT describe financial accounting?
financial statements for the bank | ||
Balance sheet | ||
used only for internal decision making | ||
SEC filings |
2. Which of the following does NOT describe managerial accounting?
used for the SEC filings | ||
various formats are used | ||
not generally released to the public | ||
used primarily for internal making |
3. Which of the following is NOT an example of indirect materials?
lubricants | ||
wood in a desk | ||
screws | ||
nails |
4. Which of the following is NOT included in conversion costs?
Direct materials | ||
Direct labor | ||
Indirect labor | ||
Manufacturing Overhead |
5. Which of the following is part of manufacturing overhead?
indirect labor | ||
direct labor | ||
raw materials | ||
finished goods inventory |
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