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QUESTION 2 Andy is trying to decide which one of two job offers he will accept. Several items are presented below: (1) Base Salary |(2)
QUESTION 2 Andy is trying to decide which one of two job offers he will accept. Several items are presented below: (1) Base Salary |(2) Overtime Compensation |(3) Moving allowance (4) Signing bonus |(5) Job search costs incurred Job Offer A $50,000 Comp. Time $3,000 $0 Job Offer B $50,000 Hourly rate $3,000 $2,000 $500 $300 Select the items that are relevant to Andy's decision. a.(1), (2), (3), (4), (5) ob.(2), (5) c. (1), (3), (5) d.(2), (4) QUESTION 6 Which of the following statements is correct regarding managerial versus financial accounting? O a. Financial accounting serves external users and is not restricted with GAAP. O b. Financial accounting is historical based and is not regulated by the SEC. O c. Managerial accounting serves managers and focuses on the past, present, and future. O d. Managerial accounting serves external users and has to follow GAAP
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