Closing entries are dated in the journal as of
A) the date they are actually journalized, although they are generally prepared after the end of the accounting period
B) the last day of the accounting period, although they are actually journalized after the end of the accounting period
C) the first day of the accounting period, although they are actually journalized after the end of the accounting period
D) the first day of the subsequent accounting period
B
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Long-term capacity planning decisions such as the purchase of a new machine or construction of a new facility typically ______.
A. call for significant outlays of capital B. require approval from the supervisor of each shift C. need to be cleared by the government D. can be decided only by the board of directors
A payroll register has the employees' names in Column A, hourly wages in Column B, regular hours in Column C, and overtime hours in Column D. If overtime is paid at time-and-a-half, what formula should be entered in Column F for gross pay? Use Row 1 in the formula
a. =B1*C1+1.5*B1*D1 b. =1.5*B1*C1+B1*D1 c. =1.5*B1*C1*D1 d. =B1*C1
Control involves developing goals and preparing various budgets to achieve those goals.
Answer the following statement true (T) or false (F)
Trade that takes place without interferences is known as free trade
Indicate whether the statement is true or false.