The accrual basis of accounting results in a more accurate measurement of net income for the period than does the cash basis of accounting
Indicate whether the statement is true or false
T
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In which of the following does a customer respond to the technical quality of a service?
A) Sara's preferred hair stylist is some miles away, but Sara goes to him because his styles suit her looks. B) Kathy tries out a new restaurant every week, because she likes to experience the variety. C) Bill has gone to the same chiropractor for the past fifteen years, because he is friendly and takes the time to listen to Bill. D) Ray avoids going to the bank as far as possible because the manager is rude and unhelpful. E) Alex has no interest in theater, but goes often because her best friend loves plays.
Home Gallery, Inc. had beginning retained earnings of $125,000 on January 1, 2019. During the year, Home Gallery declared and paid $40,000 of cash dividends and earned $55,000 of net income. Prepare a statement of retained earnings for Home Gallery, Inc. for the year ending December 31, 2019.
What will be an ideal response?
Companies seldom solicit ideas from customers during the idea generation stage of product development
Indicate whether the statement is true or false
Which of the following items most likely would be manufactured using a process costing system?
A) Advertising services B) Fruit juices C) Construction of a shopping mall D) Wedding gowns