When closing overapplied manufacturing overhead to Cost of Goods Sold, which of the following would be true?
A. Cost of Goods Sold will increase.
B. Work in Process will decrease.
C. Net income will decrease.
D. Gross margin will increase.
Answer: D
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Which of the following steps governing the incorporation process is included in the Model Business Corporation Act (MBCA)?
A. Filing the articles with the attorney general B. Filing the articles by paying part of the required fees to the partnership creditor C. Contributing a minimum of $5,000 to receive a certificate of incorporation D. Preparing, signing, and authenticating the articles of incorporation
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$73,000? Accounts payable increased by 20,100? Accounts receivable decreased by 27,100? Inventories increased by 9200? Depreciation expense 36,300? Net cash provided by operating activities was:
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