In meiosis, the reduction from 2n to n is accomplished by sister chromatids splitting apart and migrating to opposite daughter cells.
Answer the following statement true (T) or false (F)
False
In meiosis, the reduction from 2n to n is accomplished by the homologous pairs splitting during meiosis I.
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An adjusting entry can include a debit to a(n)
A) expense and a credit to an asset. B) cash and a credit to a revenue. C) liability and a credit to cash. D) liability and a credit to an asset.
Choose the correct verb in parentheses. I'll (borrow, lend) her my parking pass
Which of the following statements about shares of a corporation is TRUE?
A) All shares issued by a corporation must have voting rights. B) All shares can be voted by proxy C) All shares must be equal, none can have a preference D) All shares can be converted into bonds E) Both C and D
Max Company's first year in operation was Year 1. The following inventory purchase information comes from Max's accounting records for the year: 
In December Year 1, Max sold 350 units for $480 each. Operating expenses for the year were $30,000, and the tax rate was 30%. Required: a) Calculate the cost of goods sold using LIFO.b) Calculate the cost of goods sold using FIFO. c) What amount of income tax would Max have to pay if it uses LIFO? d) What amount of income tax would Max have to pay if it uses FIFO? e) Assuming that the results for Year 2 are representative of what Max can generally expect, would you recommend that the company use LIFO or FIFO?
Explain. What will be an ideal response?