An increase in the safety factor results in an increase in the amount of inventory in a kanban system
Indicate whether the statement is true or false.
Answer: TRUE
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The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment$100,000 $170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000 During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.Depreciation expense for 2019 is:
A. $ 18,000. B. $ 20,000. C. $ 28,000. D. $ 8,000.
A company purchased a van at a cost of $42,000 and expects it can be sold for $6,000 after 120,000 miles of service. Assuming the units-of-production method is used and the van is driven for 24,000 miles during the first year, the depreciation at the end of the first year would be
a. $4,200. b. $1,200. c. $7,200. d. $12,000.
Needs relate to either physical or psychological functions. How does Levi Strauss & Co. satisfy both of these needs with Levi's jeans?
What will be an ideal response?
U.S. GAAP requires the disclosure of the direct exchange (with no cash consideration) of a tract of land for manufacturing equipment to be used in the company's operations
a. as an operating activity. b. as an investing activity. c. as a financing activity. d. as an exchange activity. e. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity, or a financing activity.