Source data for work in process at the beginning of the accounting period comes from
a. Materials Inventory in the general ledger; b. Work in
Process in the general ledger; c. the Adjusted Trial Balance columns of the work sheet; d. the Income Statement columns of the work sheet; e. the Balance Sheet columns of the work sheet
B
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When Lisa makes decisions, she prefers to have concrete and tangible information, like data. Lisa most likely has a high degree of ______.
A. feeling B. judging C. sensing D. perceiving
Ultimate Sportswear has $170,000 of 10% noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has $570,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $37,000. This dividend should be distributed as follows:
A. $9250 preferred; $27,750 common. B. $0 preferred; $37,000 common. C. $18,500 preferred; $18,500 common. D. $20,000 preferred; $17,000 common. E. $17,000 preferred; $20,000 common.
The probability that Pete will catch fish when he goes fishing is .88. Pete is going to fish 3 days next week. Define the random variable x to be the number of days Pete catches fish. The probability that Pete will catch fish on one day or less is
A. 0.880. B. 0.038. C. 0.040. D. 0.960.
Under the net method of recording purchases, the Discounts Lost account is used when the purchaser fails to take a discount offered by the seller.
Answer the following statement true (T) or false (F)