How should a company that manufactures automobiles classify its partially completed vehicles?
A. Work-in-process inventory.
B. Raw materials inventory.
C. Supplies.
D. Finished goods inventory.
E. Cost of goods manufactured.
Answer: A
You might also like to view...
Describing which of the following exchanges as spontaneous does not mean that our conversations are random or without rules?
A. dialogic B. conversational C. small talk D. monologue
Two important negatives of unrelated diversification are
A. volatile sales and profits and making the mistake of diversifying into too many cash cow businesses. B. insufficient cash flows to finance so many different lines of business and a lack of uniformity among the strategies of the businesses it has diversified into. C. the difficulties of competently managing a set of fundamentally different businesses and having a very limited competitive advantage potential that cross-business strategic fit provides. D. underemphasizing the importance of resource fit and the strong likelihood of diversifying into businesses that top management does not know all that much about. E. overinvesting in the achievement of economies of scope and the difficulties of achieving a good mix of cash cow and cash hog businesses.
The account that should be credited for the total income tax withheld from employee's earnings is
a. FICA Tax Payable; b. FICA Tax Expense; c. Employees Income Tax Payable; d. Employees Income Tax Expense; e. Cash.
Depreciation expense will be recorded in the accounts of the lessee and lessor for which type of leases? Lessee Lessor I. operating direct financing II. capital operating III. operating operating IV. capital sales-type ?
A) I B) II C) III D) IV