If a fast food restaurant has hamburger patties in the freezer, these would be classified as
________ inventory.
A) finished goods B) maintenance, repair, and operating
C) raw materials D) work in progress
C
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Which of the following is a tip that can make the use of instant messaging more efficient and? effective?
A. Always use instant messaging to send personal messages to gain? someone's trust. B. Be courteous in your use of instant messaging. C. To be? efficient, try to carry on multiple instant conversations at the same time. D. Use instant messaging for? lengthy, complex messages. E. Do not be overly concerned about following security guidelines when using instant messaging since these systems are generally safe.
Which of the following statements is true?
a. Profits distributed to the creditors are called dividends. b. The balance sheet shows the assets, liabilities, and profits of a company. c. Dividends are an expense, and are reported on the income statement as a deduction from net income. d. The income statement reports the revenues and expenses of a company.
If bonds are issued at a discount, the amortization of the discount over the life of the bonds causes the
a. interest expense to decrease each period; b. interest expense to increase each period; c. carrying value of the bonds to decrease; d. maturity value to increase; e. cash paid to increase
The external auditor is responsible for establishing and maintaining the internal control system
Indicate whether the statement is true or false