In job-order costing, the journal entry for $7,200 raw materials requisitioned for use in production is: Raw Materials ...................... 7,200 Work in Process ...... 7,200

Indicate whether the statement is true or false


False

Business

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The objective of capital budgeting is to help only in the preparation of reports that will be submitted to the managers

Indicate whether the statement is true or false

Business

Available-for-sale securities are actively managed like trading securities because the company intends to trade them for profit in the short term.

Answer the following statement true (T) or false (F)

Business

A limited liability company:

A. Is subject to double taxation. B. Has one or more owners, called members. C. Is the same as a corporation. D. May only have two partners. E. Has owners called stockholders.

Business

Sam and Sarah, husband and wife, both worked for an aluminum siding firm, doing similar work in production. Their co-worker, Ahmed, who was a Muslim, was systematically harassed by their supervisor, who called him a terrorist, denied him the right to pray, and generally made his life at work very difficult. Sarah spoke up on his behalf, and the supervisor demoted Sam, her husband. Which of the

following statements is most correct? a. Ahmed has a cause of action against the employer for retaliation, but Sam does not b. Sarah has a cause of action against the employer for retaliation, but Sam does not c. Sam has a cause of action against the employer for retaliation d. There are no causes of action arising from this set of facts

Business