Cost concepts such as variable, fixed, mixed, direct, and indirect apply only to manufacturers and not to service companies.
Answer the following statement true (T) or false (F)
False
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An adjusting entry always affects
A) balance sheet accounts only. B) income statement accounts only. C) an income statement account and a balance sheet account. D) either a balance sheet account or an income statement account but not both.
Juno Company had $500 of office supplies available at the beginning of the current year. During the year Juno Company purchased $2,750 worth of office supplies, which were debited to the office supplies account. On December 31 of this year, $375 worth of office supplies remained. a. Calculate the amount of Juno Company's office supplies expense for the current year. (Show your calculations.)b. Prepare the journal entry to adjust the supplies account.
What will be an ideal response?
Many times, the speaker will not be able to control the ______ and will have to make adjustments to suit the location.
a. environment b. occasion c. audience d. atmosphere
When a petition for import relief is filed with the International Trade Commission, the ITC conducts an investigation and must consider all the following factors except: A) idling of productive facilities in the industry
B) unemployment in the industry. C) ability of industry to shift to production of other products. D) increase in imports.