The document used to convey real property by sale or gift is a:
A) Warranty.
B) Deed.
C) Title.
D) Contract.
B
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An important purpose of closing entries is to
a. update the nominal accounts at year end. b. set permanent account balances to zero to begin the next period. c. help achieve the goals of the matching principle. d. transfer net income or loss to Retained Earnings.
Service organizations do not develop standard rates for which of the following?
A) Any service costs B) Overhead C) Direct materials D) Labor
If the expected sales volume for the current period is 8,000 units, the desired ending inventory is 200 units, and the beginning inventory is 400 units, the number of units set forth in the production budget, representing total production for the current period, is:
A) 7,000 B) 7,800 C) 7,100 D) 8,200
The Japanese name for concurrent engineering practices is?
a. Soku system b. Salamander system c. Sashimi system d. Sushi system