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Indicate whether the statement is true or false
TRUE
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Which of the following statements is an outcome of research on Generation Z?
A. Generation Z tends to be less patriotic than other generations. B. Generation Z is less racially diverse than previous generations. C. Generation Z is less supportive than previous generations of marrying other races. D. Generation Z is less inclined to have friends from other races than previous generations.
Which of the following businesses is most likely to use a process costing system?
A) a baker producing cakes to order B) a legal service provider C) an audit service provider D) a candy manufacturer
The objectives of internal control are to
A) control the internal organization of the accounting department personnel and equipment B) provide reasonable assurance that operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with C) prevent fraud, and promote the social interest of the company D) provide control over "internal-use only" reports and employee internal conduct
Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$80,000 $72,000 Inventory 84,000 70,000 Net sales 400,000 372,000 Cost of goods sold 254,000 216,000 Total assets 850,000 810,000 Total stockholders' equity 500,000 450,000 Net income 75,000 56,000 TPX Company's 2021 debt to equity ratio is:
A. 60.0%. B. 70.0%. C. 80.0%. D. 50.0%.