Thaisom company applies manufacturing overhead. at the end of the year the following data were available: actual manufacturing overhead $115,000 estimated manufacturing overhead $120,000 applied manufacturing overhead $118,000 what is the journal entry if the amount of under- or over-applied overhead is considered small?

a. cost of goods sold$3,000 manufacturing overhead$3,000
b. manufacturing overhead$5,000 cost of goods sold$5,000
c. cost of goods sold$2,000 manufacturing overhead$2,000
d. cost of goods sold$5,000 manufacturing overhead$5,000
e. manufacturing overhead$3,000 cost of goods sold$3,000

What happens when a bank is required to hold more money in reserve?

Ok, so, theoretical question: if i bought the mona lisa legally, would anyone be able to stop me from eating it? why or why not?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?