When a company owes employee salaries at the end of the period but fails to make an adjusting entry for that amount owed, which of the following is true?
A. Total stockholders' equity in the balance sheet is overstated.
B. Retained earnings in the statement of stockholders' equity is overstated.
C. Net income in the income statement is overstated.
D. All of the other answers are correct.
Answer: D
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In intermodal transportation, which of the following describes the use of both rail and trucks for transportation?
A) fishyback B) drawbar C) trainship D) piggyback E) airtruck
Facilities management refers to ______.
A. selecting the best locations and planning for the optimal manufacturing or service capacity B. managing the layouts of distribution centers at major retailers such as Walmart C. organizing the recruitment and staffing at retail centers D. arranging for the storage of raw materials at intermediate points on the transportation route
Which of the following is an element of internal control?
a. monitoring b. risk assessment c. information and communication d. All of these choices.
Research and development costs would be classified as non-production costs
Indicate whether the statement is true or false