BUS 475 Final Exam

1) Which one of the following items is not generally used in preparing a statement of cash flows?

A. Adjusted trial balance

B. Comparative balance sheets

C. Additional information

D. Current income statement

2) One of Astro Company's activity cost pools is machine setups, with estimated overhead of 150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?

A. 150,000

B. 60,000

C. 90,000

D. 75,000

3) Of the following companies, which one would not likely employ the specific identification method for inventory costing?

A. Music store specializing in organ sales

B. Antique shop

C. Farm implement dealership

D. Hardware store

4) Which one of the...