Factory supplies used during the year is adjusted by
a. debiting Factory Supplies and crediting Factory Supplies Expense.
b. debiting Factory Supplies Expense and crediting Factory Supplies.
c. debiting Office Supplies Expense and crediting Factory Supplies Payable.
d. debiting Factory Overhead and crediting Factory Supplies.
d
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Which of the following is true regarding competitive rivalry?
A) The more competitors an industry has, the higher will be the differentiation among them. B) High differentiation among competitors increases competitive rivalry. C) Excess capacity within an industry can cause competitors to intensify their moves against one another. D) Intense competitive rivalry leads to higher prices and margins. E) Intense competitive rivalry leads to lower marketing and sales expenses for retaining customers.
The cash basis of accounting is the best method for matching expenses with revenues
Indicate whether the statement is true or false
The detailed design report contains all of the following except
a. input screen formats b. alternative conceptual designs c. report layouts d. process logic
Before a check authorization is issued, the following documents must be in agreement, except for the
a. invoice. b. remittance advice. c. purchase order. d. receiving report.