No offer can be accepted by silence
Indicate whether the statement is true or false
False
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Moral principles or rules that determine ethical behaviors are known as
a. codes of honor. b. values. c. beliefs. d. impressions.
The number of whole units that could have been completed during a period, using the production costs incurred during that period is called:
a. Standard production. b. Equivalent production. c. Total units. d. Manufactured units.
At the beginning of the fiscal year, office supplies inventory amounted to $600 . During the year, office supplies amounting to $8,800 were purchased. This amount was debited to office supplies expense. An inventory of office supplies at the end of the fiscal year showed $400 of supplies remaining. The beginning of the year balance is still reflected in the office supplies inventory account. What
is the required amount of the adjustment to the office supplies expense account? a. $9,000 debit b. $200 debit c. $8,400 credit d. $8,800 credit
Answer the following statements true (T) or false (F)
In a sole proprietorship, there is a legal distinction between contributed capital and earned capital.