Which of the following is not true about the work sheet for a merchandising company?
a. It is required by generally accepted accounting principles
(GAAP); b. The purchases account is not adjusted; c. The cost of goods sold account in the unadjusted trial balance is a clue to the inventory method used by the company; d. The inventory short and over account may be part of an adjustment to the trial balance; e. It helps a company prepare its financial statements
A
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A well-run team is usually ______.
A. inflexible B. productive C. disgruntled D. dysfunctional
The responsibility report for a profit center would compare ________.
A) actual costs to budgeted costs B) actual revenues to budgeted revenues C) actual revenues and costs to budgeted revenues and costs D) actual profits to budgeted profits
The benefits of converting innovations into successful business ventures include
A. shutting down product lines. B. focus groups and business incubators. C. growth and rewards. D. declining competitiveness.
The benefits foregone when one course of action is chosen over another are referred to as ______________________________
Fill in the blank(s) with correct word