Balance theory helps explain why consumers like being linked to positively valued objects

Indicate whether the statement is true or false


TRUE

Business

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Most countries require some form of absorption costing for external reports.

Answer the following statement true (T) or false (F)

Business

Omari Assembly, Inc, which uses backflush costing, had the following transactions during the month of October : (a) Purchased raw materials on account, $700,000. (b) Requisitioned raw materials to production, $700,000. (c) Distributed direct labor

costs, $105,000. (d) Manufacturing overhead incurred, $215,000 . (Use Various Credits for the account in the credit part of the entry.) (e) Completed all goods. (f) Sold goods for $1,500,00 . on account. Prepare journal entries to record the above transactions.

Business

________ retailers primarily offer mechanical or human efforts, rather than merchandise to consumers.

A. Benefit B. Specialty C. Services D. Personal E. Private

Business

Which of the following replaced the General Agreement on Tariffs and Trade?

a. CAFTA-DR b. NAFTA c. WTO d. UNASUR

Business