The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,703 Accounts Receivable 2,396 Prepaid Expenses 612 Equipment 13,269 Accumulated Depreciation 8,673 Accounts Payable 1,482 Notes Payable 5,965 Common Stock 1,000 Retained Earnings 1,663 Dividends 810 Fees Earned 8,351 Wages Expense 2,770 Rent Expense 837 Utilities Expense 495 Depreciation Expense 181 Miscellaneous Expense 61 Totals 28,134 28,134 Determine the total liabilities for the period.
a.$7,447
b.$3,663
c.$16,120
d.$14,307

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above