Assets on the balance sheet of a bank do not include:
a. loans to customers.
b. bank premises.
c. checking accounts of customers.
d. investment securities.
c
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Which one of the following statements is true?
a. Accountants have developed methods which make assumptions concerning how costs should be assigned to inventory and cost of goods sold. b. Alternative inventory cost flow assumptions have the same effect on the amount of net income reported. c. Accounting standards require that merchandise costs be specifically traced to units left in inventory and to units that have been sold. d. The flow of inventory costs should match the physical flow of the merchandise.
Which type of transition indicates that the speaker is moving from one main point to another?
a. internal preview b. section transition c. signpost d. internal summary
A(n) ________ refers to anything prospects say or do indicating they are ready to buy.
A. opening moment B. buying signal C. sale inducer D. trigger point E. closer
In a traditional manufacturing environment, as the cost of goods sold account increases, which account is most likely decreasing?
A) Work in process inventory B) Finished goods inventory C) Raw materials inventory D) Cash