Which of the following accounts will be found on the income statement?
A) inventory
B) work in process
C) finished goods
D) cost of merchandise sold
D
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Gabriella needs copper wire to make hanging candle lanterns out of antique glass canisters. Based on her previous craft projects, she feels she would find this particular type of wire at Michael's, a large arts and crafts store. Gabriella is relying on a(n) ________ source for her buying situation.
A. selective data B. rational information C. internal information D. primary data E. motivational data
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is true?
a. Firms cannot currently apply the fair value option to capital leases. b. When the lessor enjoys the benefits and bears the risk, the lease is an operating lease. c. When the lessee enjoys the benefits and bears the risk, the lease is a capital lease. d. IFRS provides more general criteria for identifying the entity enjoying the rewards and incurring the risk. e. all of the above
____ new menu now includes many low-calorie and low-fat options
A) McDonald's B) McDonald's' C) McDonalds'
Trudy would breach the duty to inform if she failed to tell her principal:
A) a debtor of her principal has become insolvent. B) property her principal authorized her to sell at $50,000 could be sold for $53,000. C) a customer of her principal has become insolvent. D) All of these.