Delaying payments to suppliers and others during the last several days of an accounting period conserves cash and thereby increases cash flow from operations for that period
Indicate whether the statement is true or false
T
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Neptune Fabrication Plant has provided you with the following information
Total manufacturing overhead costs estimated at the beginning of the year $252,000 Total direct labor costs estimated at the beginning of the year $123,000 Total direct labor hours estimated at the beginning of the year 5,250 direct labor hours Actual manufacturing overhead costs for the year $241,000 Actual direct labor costs for the year $131,000 Actual direct labor hours for the year 5,000 direct labor hours The company bases its manufacturing overhead allocation on direct labor hours. What was the unadjusted ending balance in the Manufacturing Overhead account? A) $27,390 credit balance B) $27,390 debit balance C) $1,000 credit balance D) $1,000 debit balance
Which of the following statements about Lloyds of London (are) true?
I. The majority of the business underwritten by Lloyds of London is for unusual risks, such as valuable race horses and professional athletes. II. Lloyds of London is a group of underwriters who underwrite insurance, not an insurance company. A) I only B) II only C) both I and II D) neither I nor II
Most private, small-business, noninvestment company offers of securities are not exempt from the registration requirements.
Answer the following statement true (T) or false (F)
To be attractive, forms should elicit information in the expected order
Indicate whether the statement is true or false