A consignment sale is treated as a sale or return under UCC Article 2
Indicate whether the statement is true or false
True
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An inventory turnover analysis is useful to the auditor because it may detect:
A. the existence of obsolete merchandise. B. inadequacies in inventory pricing. C. methods of avoiding cyclical holding costs. D. the optimum automatic reorder points.
Functional congruence in the environment refers to ______.
a. how well something with a functional purpose fits in the environment in which it serves that purpose b. other people in the environment and the congruent function they perform c. the proportion of style over substance for a given environmental component d. how well service functions work together
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 of direct materials and $13,000 of indirect materials. What is the ending Raw Materials Inventory balance for March?
A. $46,000 B. $33,000 C. $24,000 D. $9,000 E. $11,000
The ethical norm of ________ includes possessing anything that someone else was willing to grant you
A) freedom B) security C) justice D) efficiency