All the Factors Below Are Causes of Diminishing Marginal Returns,except

question 31

Multiple Choice

All the factors below are causes of diminishing marginal returns,except

• A)Difficulty of monitoring and motivating larger workforces
• B)Increasing complexity of larger systems
• C)Division of Labor
• D)The "fixity' of some factor

Evaluate the effects of equipment transfers on consolidated financial statements.

Assess the gain or loss on intra-entity asset transfers and its recognition.

Understand the computation of noncontrolling interest's share of net income in consolidation.

Identify necessary consolidation adjustments for gains or losses from intra-entity sales.

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Definitions:

Trial Balance

A financial worksheet that consolidates all ledger balances into equal debit and credit columns for each account.

Journal Entries

Recorded business transactions in the accounting records of a company, listed in the general journal.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Journal Entries

Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.