Cash equivalents include coin and currency, negotiable instruments, and certificates of deposit
Indicate whether the statement is true or false
False
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An external event involves interaction between an entity and its environment
a. True b. False Indicate whether the statement is true or false
Which of the following is not one of the three parts of a message?
a. Content b. Empathy c. Feelings b. Relationship
Mandato Corporation has provided the following data for its two most recent years of operation: Selling price per unit$50 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$72,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$70,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year9,0008,000Units sold during the year6,0009,000Units in ending inventory3,0002,000The net operating income (loss) under variable costing in Year 1 is closest to:
A. $174,000 B. $2,000 C. $26,000 D. $144,000
An inter-vivos trust may be made revocable, or revocable after a specified time, or irrevocable — each with different objectives and potentially different tax consequences
Indicate whether the statement is true or false