Sierra Walked into Class Late and Felt Quite Embarrassed

question 21

Multiple Choice

Sierra walked into class late and felt quite embarrassed.To make matters worse,she was having a bad hair day and felt like all eyes were on her,judging her,and rejecting her.Her thinking can be described as:

• A)disequilibrium.
• B)adolescent egocentrism.
• C)adaptation by assimilation.
• D)accommodation.

Analyze the impact of bonus issues and share option exercises on equity.

Identify and explain the financial statement disclosures required for equity, including changes in equity.

Grasp the concept of forfeited shares and the accounting treatment and implications for reissue.

Understand the regulations and corporate decisions related to dividends and share buy-backs.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost expected for those materials.

Raw Materials

These are the base ingredients or components that companies use in the production of goods.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit of material.