In order to use a process costing system, products produced should be homogenous in nature
Indicate whether the statement is true or false
True
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Ashbrook Services, Inc acquired 128,000 shares of Gamma Metals, Inc on January 1, 2017
Gamma declares a cash dividend of $2.00 per share on February 15, 2017 and pays the cash dividend on March 2, 2017. With the current investment, Ashbrook Services, Inc holds 11% of Gamma's voting stock. Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2, 2017 )? A) Cash 256,000 Long-term Investments-Trading Investments 256,000 B) Cash 256,000 Long-term Investments-Available-for-Sale 256,000 C) No Entry D) Cash 256,000 Dividend Revenue 256,000
As a team leader, you accomplish goals through the efforts of your self. _________________________
Answer the following statement true (T) or false (F)
A deductible under which expenses are accumulated on an annual basis, and once a specified total is reached, the deductible is satisfied for the year is called a
A) calendar-year deductible. B) prospective deductible. C) straight deductible. D) waiting period.
When one begins to compare companies from different industries without considering the norms of the different industries, the evaluation may lead to a poor buy or sell decision
Indicate whether the statement is true or false.