With the periodic inventory system, the inventory account is updated after each sale or purchase
a. True
b. False
Indicate whether the statement is true or false
False
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Brayden, a production manager at Helix Inc., is against the idea of forming a union. He believes that unionization may negatively affect the company's profit margins. Which statement best supports Brayden's viewpoint?
A. Unionization tends to reduce the overall costs of labor and operations. B. Forming an employee union will reduce the risk of work stoppages. C. Unions are designed to cater to the interests of management rather than to those of employees. D. Unionization is associated with higher costs in wages and benefits. E. Union workers tend to exhibit lower levels of productivity than nonunion workers.
When a partner invests assets in a partnership, the assets are recorded at their fair market value on the date they are transferred to the partnership
Indicate whether the statement is true or false
The amount reserved for the spot market should be such that the expected marginal revenue from the spot market equals the current revenue from a bulk sale
Indicate whether the statement is true or false.
A company issues bonds saying that it will use the proceeds for a safe investment. Instead, it uses the proceeds for a risky investment. Which of the following statements is true about this situation.
A. This is an example of asset switching or bait and switch. B. What the company does with the funds once it raises them isn't the business of the debtholders. C. This will result in an increase in the value of the debt because the company is riskier. D. All of the above. E. None of the above.