In order to determine inventory for its balance sheet, it is best for a company to count the inventory at the end of its accounting period for
a. The periodic inventory system
b. The perpetual inventory system
c. Both the periodic and perpetual inventory systems
d. Neither the periodic nor perpetual inventory systems
c
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In 2004, the number of people in the working-age population in a country increased from 221.2 million to 223.4 million, while the labor force increased from 146.5 million to 147.4 million. By how much did the labor-force participation rate change?
A. ?0.2 percentage point B. 0.0 percentage point C. 0.2 percentage point D. 0.4 percentage point
________ refers to the various ways a site enables user-to-user communications.
A. Commerce B. Content C. Community D. Customization E. Context
Rebates on customs duties are known as
Fill in the blank(s) with the appropriate word(s).
Land costing $78,000 was sold for $93,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
A) $78,000 B) $93,000 C) $108,000 D) $15,000