Companies usually report their retained earnings restrictions on the balance sheet
Indicate whether the statement is true or false
FALSE
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Writing an effective business message includes using strong, familiar words, creating effective sentences, and developing coherent paragraphs
Indicate whether the statement is true or false.
Carmel Corporation is considering the purchase of a machine costing $36,000 with a 6-year useful life and no salvage value. Carmel uses straight-line depreciation and assumes that the annual cash inflow from the machine will be received uniformly throughout each year. In calculating the accounting rate of return, what is Carmel's average investment?
A. $18,000. B. $6,000. C. $21,000. D. $36,000. E. $7,000.
Define inventory for a merchandising company and describe how inventory is valued and reported.
What will be an ideal response?
Troxler Inc produces various types of floor rugs with many different designs. They typically produce at least 200 rugs with a single machine setup. A cost incurred each time a new rug design is developed is called a(n):
A) product-level cost. B) batch-level cost. C) unit-level cost. D) facility-level cost.