If a physical count of inventory indicates that the Merchandise Inventory account is overstated, an adjusting entry is required to record the difference
Indicate whether the statement is true or false
TRUE
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Land costing $140,000 was sold for $173,000 cash. The gain on the sale was reported on the income statement asother income. On the statement of cash flows, what amount should be reported as an investing activity from thesale of land?
a. $173,000 b. $140,000 c. $313,000 d. $33,000
B&T Company's production costs for May are: direct labor, $13,000; indirect labor, $6,500; direct materials, $15,000; property taxes on production facility, $800; factory heat, lights and power, $1,000; and insurance on plant and equipment, $200. B&T Company's factory overhead incurred for May is:
A. $6,500. B. $21,500. C. $2,000. D. $36,500. E. $8,500.
Damages for age discrimination include:
a) mental anguish over being terminated b) pension contributions c) reinstatement d) b&c e) all
Which of the following is NOT an attribute of grit?
a. impatience b. resilience c. excellence d. courage