Which of the following is a valid argument for separate accounting principles for proprietary activities? two separate measurement focuses and bases for accounting within the same set of financial statements are confusing. there are no clear-cut distinctions between business and non-business activities. the measurement focus on all economic resources is more consistent with the gasb’s objectives that financial reporting should provide information to determine whether current-year revenues were sufficient to pay for current-year services. surveys of statement users indicate that information on depreciation is not of high priority to governmental decision makers.

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.

How an absolute advantage might affect a country's imports and exports?