Both the debit and credit amounts in the merchandise inventory account at the end of an accounting period are used to calculate the cost of goods sold
a. True
b. False
Indicate whether the statement is true or false
True
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All of the following are recommended features of a fire protection system for a computer center except
a. clearly marked exits b. an elaborate water sprinkler system c. manual fire extinguishers in strategic locations d. automatic and manual alarms in strategic locations
What did the first lie detector machine use as a criterion for detecting falsehood?
a. blood pressure b. skin changes c. eye movement d. breath rate
Cost and management accounting
a. require an entirely separate group of accounts than financial accounting uses. b. focus solely on determining how much it costs to manufacture a product or provide a service. c. provide product/service cost information as well as information for internal decision making. d. are required for business recordkeeping as are financial and tax accounting.
What are the differences between business markets and consumer markets?
What will be an ideal response?