Income before any of the following items is $500,000. (All numbers are net of taxes.) Unrealized gain on Trading Securities $200,000
Unrealized gain on Debt Available-for-sale Securities (OCI) 100,000
Realized loss on Discontinued Operations 400,000
Depreciation Expense of $300,000 was mistakenly omitted five years ago--Prior Service Cost

Required:
What is Net Income?

a. $900,000
b. $600,000
c. $0
d. $300,000
e. $800,000

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

Which of the following is not a personality trait? sincerity word processing punctuality laziness

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience