Adjusting entries affect at least one
A) income statement account and one balance sheet account
B) revenue and the drawing account
C) asset and one owner's equity account
D) revenue and one capital account
A
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A design patent will last for
A. 14 years from the date of the filing of the application with the U.S. Patent and Trademark Office. B. 20 years from the date of the approval of the application granted by the U.S. Patent and Trademark Office. C. 14 years from the date of the approval of the application granted by the U.S. Patent and Trademark Office. D. 20 years from the date of the filing of the application with the U.S. Patent and Trademark Office.
Within ________ companies such as Nielsen IAG using ad tracking can provide clients with performance measures of an ad campaign or an individual ad in comparison to competitor's ads and previous campaigns or ads
A) 2 to 3 days B) 5 to 7 days C) 2 to 3 weeks D) one month
Under the perpetual inventory system, the Cost of Goods Sold account is updated continually throughout the period
Indicate whether the statement is true or false
Dabney Inc has a favorable direct labor efficiency variance. Which of the following would be the most likely reason for this variance?
A) The company used lower-paid workers in the production process more than they had expected. B) Employees took a shorter amount of time to produce the product than expected. C) The company used a standard direct labor rate that was too low. D) Employees used less direct materials in the production process than expected.