Which of the following is not an assertion that is made in the financial statements by management concerning each major account balance?
A. Valuation.
B. Completeness.
C. Rights and obligations.
D. Legality.
Answer: D
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A shelf talker is:
A) a sales representative in a retail outlet who provides customers with information on different products in various shelfs. B) a sign hanging on the shelf with information, usually about a special price. C) a representative from a manufacturing firm who negotiaties shelf space with the retailers. D) a representative from a retail outlet who negotiates shelf space with the manufacturer.
Which of the following journal entries records the accrual of the cost of indirect labor used in production?
a. debit Work in Process Inventory, credit Wages Payable b. debit Work in Process Inventory, credit Manufacturing Overhead c. debit Manufacturing Overhead, credit Work in Process Inventory d. debit Manufacturing Overhead, credit Wages Payable
Mathematical modeling of real-world business situations involves:
a. Linear relationships in the objective functions. b. Linear relationships of resource constraints. c. Nonlinear relationships in the objective functions. d. Nonlinear relationships of resource constraints. e. All of the above
Like OpenOffice Calc, ____ is a free, open-source spreadsheet program that is part of the GNOME desktop for computers running the Linux operating system.
A. Gnumeric B. Google C. GCalc D. GStat