On April 1, 2019, a firm accepted a 6-month, 10 percent note for $1,800 from a customer with an overdue balance. The accrued interest recorded for this note for the year ended June 30, 2019, is
A. $90.
B. $45.
C. $180.
D. $15.
Answer: B
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The ability to communicate in which way usually puts you at an advantage when involved in a conflict?
A. assertively B. aggressively C. passively D. confrontationally
Inspection of shipments in the receiving department would be improved if the documentation showed the value of the inventory
Indicate whether the statement is true or false
Which of the following statements is false?
a. A primary purpose of cost accounting is to determine valuations needed for external financial statements. b. A primary purpose of management accounting is to provide information to managers for use in planning, controlling, and decision making. c. The act of converting production inputs into finished products or services necessitates cost accounting. d. Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles.
The cost of the partially completed goods at the end of the period would be
A) beginning work in process inventory B) cost of goods manufactured C) ending work in process inventory D) ending finished goods inventory