An adjusting entry always affects ________
a. at least one asset account and one liability account
b. at least one income statement account and one balance sheet account
c. two different income statement accounts
d. two different balance sheet accounts
b
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What is involved in an Environmental Management System?
What will be an ideal response?
Hillsborough Street Manufacturing Inc Hillsborough Street Manufacturing Inc incurred the following costs in 2011: Direct materials used $51,000 Direct labor costs 45,000 Factory rent and utilities 18,000 Factory equipment depreciation 7,500 Marketing expenses 8,000 Administrative expenses 10,000 45,000 units were produced during the year out of which 38,000 units were sold for $10 each. There was
no beginning or ending raw materials or work in process inventory. Refer to the Hillsborough Street Manufacturing Inc information above. What is the product cost per unit? A) $3.67 B) $3.20 C) $3.10 D) $2.70
A revolving credit agreement is:
A. created because of recurring short-term liabilities such as wages and taxes that change spontaneously with operations. B. the name of the credit that is created when one firm buys on credit from another firm. C. an outright sale of receivables. D. an unsecured, short-term promissory note issued by large, financially sound firms to raise funds. E. a formal, committed arrangement in which a bank agrees to lend up to a specified maximum amount of funds during a designated period.
A new employee goes through two types of orientation: work unit orientation and procedural orientation.
Answer the following statement true (T) or false (F)