The receiving report is used to
a. accompany physical inventories to the storeroom or warehouse
b. advise the purchasing department of the dollar value of the goods delivered
c. advise general ledger of the accounting entry to be made
d. advise the vendor that the goods arrived safely
A
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______ is one of the simplest tools used to compare and select processes.
A. Cost-volume analysis B. Value stream mapping C. Assembly charts D. Process simulation
One reason for adopting a standard cost system is to make product costing easier
Indicate whether the statement is true or false
Where is treasury stock reported on a corporation's balance sheet?
A. As a deduction from total stockholders' equity, following retained earnings B. As an addition to total paid-in capital C. As a deduction from retained earnings D. As a deduction from total paid-in capital
Which of the following acts resulting in injury would be negligence per se?
A)Joe sold fireworks from his Indiana store (a legal activity) to Steve, an Illinois resident (a state that has made owning fireworks illegal). B)June,while driving the speed limit, sideswiped the car next to her. C)A retailer sold glue containing benzene to a 14-year-old boy in violation of state law. D)Tammy accidentally dropped a heavy carton on Sasha's foot while at work.