The Human Resources Payroll Cycle Interfaces with the Cost Accounting

question 22

Multiple Choice

The human resources payroll cycle interfaces with the cost accounting system by:

• A) classifying costs as either product or period.
• B) use of job time tickets to reduce payroll expense and increase WIP.
• C) use of time sheets to bill clients.
• D) Both a and d.

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Definitions:

Preemptive Right

A shareholder's right to buy new shares in a company before they are offered to the public, to maintain their proportionate ownership in the company.

Preemptive Right

The right granted to existing shareholders to purchase additional shares before the company offers them to the public, to maintain their proportional ownership.