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Microsoft Visio 2013 Can Be Used to Create

question 3

Multiple Choice

Microsoft Visio 2013 can be used to create:

Grasp the concept of indirect materials in job costing and how it is accounted for.
Understand the process of accumulating manufacturing costs in a job order cost system.
Identify the impacts of manufacturing overhead costs on total manufacturing and direct labor costs.
Understand the importance and components of a good person-organization fit.

Definitions:

Stock Split

A corporate action by a company to divide its existing shares into multiple ones to boost the liquidity of the shares, often done when share prices are high.

Paid-In Capital

Total amount of cash and other assets paid into the corporation by stockholders in exchange for capital stock.

Stock Dividend

A company rewards its shareholders with extra shares, foregoing the option to distribute cash.

Depreciation Expense

Allocating the price of a tangible asset consistently throughout its expected lifespan.

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