Most spells of unemployment are

A) long, and most unemployment observed at any given time is long term.
B) long, but most unemployment observed at any given time is short term.
C) short, but most unemployment observed at any given time is long term.
D) short, and most unemployment observed at any given time is short term.

To capitalize an expenditure is to:

A) Debit an expense account.
B) Credit an expense account.
C) Credit the owner's capital account.
D) Credit an asset account.
E) Debit an asset account.

Land improvements are generally debited to the Land account.

In general e-learning is most effective in delivering ________, whereas classroom training is more effective for learning ________.

A) formal learning; informally
B) informal learning; formally
C) conceptual subject matter; interpersonal skills
D) interpersonal skills; conceptual subject matter

Lemke Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The standard cost card for the company's only product is as follows: During the year, the company started and completed 12,300 units. Direct labor employees worked 10,540 hours at an average cost of $22.40 per hour.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and Property, Plant, and Equipment (net) . All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When the direct labor cost is recorded, which of the following entries will be made?

A) $20,026 in the Labor Efficiency Variance column
B) $20,026 in the Labor Rate Variance column
C) ($20,026) in the Labor Rate Variance column
D) ($20,026) in the Labor Efficiency Variance column

The law of torts is primarily made up of statutory law.