The ending balance for merchandise inventory is reported on the balance sheet as a noncurrent asset
a. True
b. False
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
1.While hiking in the nearby mountain range, Bill and Phil come to a spot at which they must either go over a mountain or take a trail that leads around the mountain. It will take approximately 2 hr to climb the mountain and descend on the other side. It will take approximately 75 min to take the trail around the mountain. After a few minutes of consideration, Phil convinces Bill that the better way is to take the trail around the mountain. In this case, Phil has persuasive power over Bill. 2.Selective exposure increases dissonance by ensuring we seek out information and people likely to contradict our beliefs. 3.Values lead us to behave in certain ways and increase the likelihood that specific kinds of reactions will occur. 4.Our values guide our thinking with regard to what is right and what is wrong. 5.Jaxon wants Jason to buy his old game box, but Jason keeps stalling, even though he says he wants to make the purchase. This has gone on for a couple of weeks and Jaxon wants Jason to buy the console or to let Jaxon sell it to someone else. In an attempt to get Jason to comply, Jaxon tell Jason, “of you don’t buy it by this Saturday, I’m going to try to sell it over the Internet!” This is a case in which Jaxon is trying to coerce the Jason into complying by threatening him with a punishment for inaction.
Insulin is synthesized in significant quantities only in beta cells in the pancreas. When the beta cell is appropriately stimulated by rising blood glucose levels, insulin is secreted from the cell by exocytosis. What organelle would be responsible for the packaging and transporting the insulin out of the cell?
A. lysosomes B. nucleus C. ribosomes D. centrioles E. Golgi apparatus
The high-low method allows managers to differentiate between fixed and variable costs when dealing with mixed costs
Indicate whether the statement is true or false
Responsibility accounting reports that are given to lower level managers are usually very detailed, in turn, higher level managers will be given a summary report
Indicate whether the statement is true or false