If a difference is found between the physical count and the amount in the perpetual inventory records, the records must be corrected by an appropriate adjusting entry
a. True
b. False
Indicate whether the statement is true or false
True
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A) Letters B) Memos
Earned value is the budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time
Indicate whether the statement is true or false
An 8% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 15. The accrued interest on the $100,000 face value of this note is
A. $491.80. B. $800.00. C. $983.61. D. $1,661.20. E. None of the options are correct.
A 3-month futures contract on gold is priced at $1,200 per troy ounce when the contract is initiated. If the price of gold rises every day over the 3-month period, then when the contract is settled, the buyer will ________ and the seller will ________.
A) lose; gain B) gain; lose C) gain; break even D) gain; gain E) lose; lose