Two methods used to determine equivalent units of production in process costing are
A) weighted average and FIFO
B) FIFO and LIFO
C) weighted average and LIFO
D) weighted average and exact costing
A
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A) the meaning of words B) the sounds of words C) the function of words D) the structure of words
Which of the following basic requirements must be met for an offer to sell goods to be a firm offer?
A. It must have been made orally. B. The outer limit on the period of irrevocability for firm offers must be 10 months. C. The offeror must be a merchant. D. It must contain assurances that it will be revocable.
Par value of a stock refers to the:
A. Issue price of the stock. B. Dividend value of the stock. C. Market value of the stock on the date of the financial statements. D. Value assigned per share by the corporate charter. E. Maximum selling price of the stock.
The bankruptcy court will file an order for relief unless a debtor challenges an involuntary petition
Indicate whether the statement is true or false