Which of the following is an advantage to having the ability to use agents:
a. easier organization of a company b. reduced tax burden
c. exemption from income tax
d. creation of many small companies within one larger company e. none of the other choices are correct
e
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Solutions Services sells service plans for commercial computer maintenance. The price for each plan is $1,350 per year, paid in advance. On October 1, 2018, a service plan was sold to a new customer for cash, and the plan covers the period October 1, 2018 to September 30, 2019. Adjusting entries are made on December 31 of each year. Prepare the journal entry for September 30, 2019. Round to two decimal places. Omit explanation.
What will be an ideal response?
Which of the following methods of valuing an asset is based on the amount that a firm could acquire by selling the asset?
a. Replacement cost b. Entry value c. Exit value d. Both a and b
Which of the following statements is false?
a. When using the weighted average method, it doesn't matter in what period the transferred in units were started. b. When the weighted average method is used, the cost of goods transferred is equal to the number of units transferred multiplied by the cost per EUP. c. When the weighted average method is used, the ending inventory of WIP is computed by multiplying the EUP for each cost component multiplied by the component cost per unit. d. All of the above statements are false.
Identify the phrase in the sentence. David's efforts to prepare a good term paper impressed his teacher