Premium on bonds payable may be amortized by the straight-line method if the results obtained by its use do notmaterially differ from the results obtained by use of the interest method
a. True
b. False
Indicate whether the statement is true or false
True
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To recognize indirect and direct factory labor cost for the month, an entry is made
a. debiting Payroll Expense, debiting Work in Process, and crediting Factory Overhead. b. debiting Work in Process, debiting Factory Overhead, and crediting Payroll Expense. c. debiting Work in Process, debiting Factory Overhead, and crediting Wages Payable. d. debiting Factory Overhead, debiting Payroll Expense, and crediting Accounts Payable.
The demand for business goods is ultimately derived from the demand for raw materials
Indicate whether the statement is true or false
The courts consider oral agreements under $500 binding if:
A. the transaction is for services rendered. B. the parties have previously done business together. C. the new venture is incorporated. D. the agreement is for less than one year.
Discuss the trait approach to leadership.
What will be an ideal response?