The buyer must include goods purchased FOB shipping point in its inventory account if the goods are still in transit
a. True
b. False
Indicate whether the statement is true or false
True
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Spark, Inc., which manufactures the fireworks that municipal governments buy to put on their annual fireworks shows on the Fourth of July, moved most of its manufacturing operations from the United States to China a decade ago. Now, Spark is moving production back to the United States because the company's managers are uncomfortable with many Chinese business practices. Spark, Inc. engages in __________ when it moves its operations back to the United States.
A. offshoring B. outsourcing C. reshoring D. globalizing E. countertrading
You are responsible for the Federal income tax filings of the Tyrone Trust. Summarize the relevant due dates and filing requirements for Tyrone.
What will be an ideal response?
Before preparing the balance sheet and income statement, an accountant would use what accounting record to first record the firm's transactions?
a. the trial balance b. the adjusting entry c. the general ledger d. the journal e. the subsidiary ledger
Unemployment insurance is both a state and a federal program
Indicate whether the statement is true or false