An effective revocation:
a. must be initiated by the offeree
b. must be communicated to the offeree after acceptance
c. need not be communicated to the offeree before acceptance d. must be filed through a court
e. none of the other choices are correct
e
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In a job order costing system, at the end of the accounting period, the balance in the subsidiary ledger for unfinished jobs should equal the ending balance in the Work in Process Inventory account
Indicate whether the statement is true or false
The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the beginning inventory will:
a. debit Merchandise Inventory and credit Income Summary for $40,000. b. debit Merchandise Inventory and credit Income Summary for $45,000. c. debit Income Summary and credit Merchandise Inventory for $40,000. d. debit Income Summary and credit Merchandise Inventory for $45,000. e. debit Capital and credit Merchandise Inventory for $40,000.
A company originally issued 14,000 shares of $5 par value common stock at $12 per share The board of directors declares an 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $24,500. B) Common Stock-$5 Par Value is credited for $47,040. C) Common Stock is credited for $49,000. D) Stock Dividends is debited for $49,000.
The slack of a constraint indicates the amount of a used resource
Indicate whether the statement is true or false