An adjusting entry cannot include a debit to a(n)
a. expense and a credit to an asset.
b. asset and a credit to a revenue.
c. liability and a credit to a revenue.
d. asset and a credit to a liability.
D
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Why might inventories increase in market value subsequent to acquisition?
a. a shortage of a key raw material b. a competitor may introduce a technologically superior product c. a product may include materials found to contain a health hazard d. the introduction of a lower-cost raw material e. all of the above
Which of the following is an external source of data for a database?
a. company records b. information supplied by employees c. last year’s sales reports d. suppliers’ forecasts e. company reports
The only requirement involved in communicating useful information is that the information be accurate.
Answer the following statement true (T) or false (F)
A fabrication line and an assembly line are both types of repetitive and product-focused layout, but only the fabrication line utilizes workstations
Indicate whether the statement is true or false