Holton Company has the following equivalent units for July: materials 20000 and conversion 18000. Production cost data are: $\begin{array}{l}\begin{array}{lrc}& \text{ Materials }& \text{ Conversion }\\ \text{ Work in process, July }1& \$8,000& \$3,750\\ \text{ Costs added in July }& 63,000& 52,500\end{array}\\ \\ \text{ The unit production costs for July are: }\end{array}$
$\begin{array}{lrr}& \text{ Materials }& \text{ Conversion Costs }\end{array}$
A) $\begin{array}{lrrccc}& \$3.15& & & & \$3.13\end{array}$
B) $\begin{array}{lrrcccc}& 3.55& & & & & 2.92\end{array}$
C) $\begin{array}{lrrcccc}& 3.15& & & & & 2.92\end{array}$
D) $\begin{array}{lrrcccc}& 3.55& & & & & 3.13\end{array}$

The Wellness Society, a not-for-profit organization, owns 30% of Walk for Canada, also a not-for-profit organization. The two organizations operate independently and have no board members in common. How should the Wellness Society account for its investment in Walk for Canada?

A) Cost method
B) Equity method
C) Equity method with supplemental disclosure
D) Note disclosure with a description of the relationship and nature and extent of its economic interest

Most of the money that we pay to foreigners to finance our current accounts deficit

A) flows back to the U.S.in investment funds.
B) stays abroad where it circulates as currency.
C) ends up in the hands of drug dealers.
D) is used by foreign governments as reserves.

The United States Congress made comprehensive changes to bankruptcy law in the ________.

A) Bankruptcy Amendments of 2005
B) Bankruptcy Fraud Protection Act of 2007
C) Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
D) Bankruptcy Fraud and Consumer Shield Act of 2006
E) Insolvency Protection Amendments of 2006

A major factor in the need for increased cross-cultural awareness is ______.

A) increase of globalization
B) environmental issues
C) changes in civil rights
D) government regulation