U.S. district courts have original jurisdiction in federal matters
a. True
b. False
Indicate whether the statement is true or false
True
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Bondholders are creditors of the issuing corporation
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Total manufacturing costs to account for during the year minus the ending Work-in-Process Inventory equals the cost of goods manufactured. 2. The following format represents the flow of costs for all three manufacturing inventory accounts: Beginning balance + Additions - Ending balance = Amount used, manufactured, or sold 3. A manufacturer produced 7,500 total units. The cost of goods manufactured is $88,000 and the cost of goods sold is $71,000. The unit product cost is $9.47. 4. Unit product costs can be used to measure operating income and determine the cost of Finished Goods Inventory. 5. Unlike merchandising companies, income statements of service companies include cost of goods sold as a line item.
Suppose forward price for a contract maturing on December 15 is $50/share
Draw the payoff profile of a short forward contract. How much would you earn or lose if the spot price at maturity was $68/share? How much would you earn or lose if the spot price at maturity was $48/share?
Revenue accounts are temporary accounts that should begin each accounting period with zero balances.
Answer the following statement true (T) or false (F)