Which of the following creates a flexible work cell in a just-in-time manufacturing environment?
A) Grouping similar machines together
B) Bringing people with differing work skills together into one work area
C) Placing together a complete set of machines that produce a complete product
D) Grouping people with similar skills together
C
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Laguna's Corporation issued 30,000 shares of $5 par value common stock for $300,000 . The journal entry to record the transaction is:
a. Cash 300,000 Common Stock 300,000 b. Cash 150,000 Common Stock 150,000 c. Cash 300,000 Common Stock 150,000 Additional Paid-In Capital 150,000 d. Cash 150,000 Additional Paid-In Capital 150,000
Which of the following is not a broad, cost classification category typically used in activity-based costing?
A. Product-sustaining level. B. Management-level. C. Batch-level. D. Facility-level. E. Unit-level.
A tort is a wrongful act by one party that results in injury to a second party's person, property or reputation for which the first party is liable.
Answer the following statement true (T) or false (F)
All of the following are true for available-for-sale debt securities except for:
A. Earn interest that is reported in the income statement. B. Actively managed like Trading Securities. C. Reported at fair value on the balance sheet. D. Recorded at cost when acquired. E. Classified as either short-term or long-term securities.