Which of the following correctly describes the accounting for factory depreciation?
A) Factory depreciation is a product cost and is expensed as incurred.
B) Factory depreciation is a period cost and is expensed as incurred.
C) Factory depreciation is a product cost and is expensed when the manufactured product is sold.
D) Factory depreciation is a period cost and is expensed when the manufactured product is sold.
C
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If firms wish to avoid hiring during a temporary increase in production they can offer ________ to existing workers.
a. overtime b. vacations c. training programs d. affirmation action e. orientation programs
Which of the following antitrust provisions focuses on the unlawful selling of corporate assets to create a monopoly?
A) Clayton Act, Section 7 B) Clayton Act, Section 2 C) Sherman Act, Section 2 D) Sherman Act, Section 1