Which of the following is an example of a business that is often forced to relocate to tap into new supplies of resources?
A. automotive manufacturing plant
B. petroleum business
C. paper mill
D. retail store
B. petroleum business
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On January 1, Year 2, the Supplies account of Sheldon Company had a balance of $1,200. During the year, the company purchased $3,400 of supplies on account and made partial payments totaling $3,000 on those accounts. On December 31, Year 2, Sheldon determined that there were $1,400 of supplies on hand. Which of the following would be reported on Sheldon's Year 2 financial statements?
A. $1,600 of supplies; $3,400 of supplies expense B. $1,600 of supplies; $200 of supplies expense C. $1,400 of supplies; $3,200 of supplies expense D. $1,400 of supplies; $2,000 of supplies expense
A REIT is an equity trust
Indicate whether the statement is true or false
All mistakes of fact are material
Indicate whether the statement is true or false
Two mutual funds are quoted as follows. Given these quotes, which one of the following is true?
A) Both funds are load funds. B) Fund A is a no-load fund. C) Fund B is a no-load fund. D) Both funds are no-load funds.