Temporary investments are reported on the balance sheet at cost
Indicate whether the statement is true or false
False
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Only value-adding activities are included in the cost hierarchy
Indicate whether the statement is true or false
On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000. Prepare journal entries to record these events. Use those journal entries to answer the following questions:The credits to the Work in Process account as a consequence of the raw materials transactions in November total:
A. $95,000 B. $78,000 C. $92,000 D. $0
Which of the following is FALSE concerning readability level?
a. A readability level of 10 means that a person would need to be able to read at the tenth-grade level to understand the material. b. The two factors that affect the readability level are the number of words in the passage and the complexity of the sentences. c. Many word processing programs calculate readability measures automatically. d. The writer should use feedback on readability level to revise appropriately.
Which statement LEAST adequately describes a press release?
a. a report to the public b. a reportwritten in response to a crisis c. a report organized in inverted pyramid form d. a report released to one or more mass media organizations