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NEW QUESTION: 1
During 1994, Orca Corp. decided to change from the FIFO method of inventory valuation to the weightedaverage method. Inventory balances under each method were as follows:
Orca's income tax rate is 30%.
Orca should report the cumulative effect of this accounting change as a(n):
A. Extraordinary item.
B. Component of income from continuing operations.
C. Component of income after extraordinary items.
D. Adjustment to beginning retained earnings.
Answer: D
NEW QUESTION: 2
A. A 4-core with a 12X I/O drawer
B. A 4-core with an EXP24s disk expansion
C. A 6-core with a disk riser card
D. A 6-core with an EXP24s disk expansion
Answer: D
NEW QUESTION: 3
Which of the following employees is exempt under the Fair Labor Standards Act?
A. an RHIT who manages the Health Information Services department and is involved wig planning and decision-making activities 90% of the time
B. a file clerk who spends 100% of the time on filing activities
C. an RHIA who performs record analysis and coding 90% of the time and who supervises three employees
D. the department secretary who spends 100% of her time performing clerical duties for the Director of Health Information Services
Answer: A
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