The Work-in-Process Inventory account is _____. Product costs accumulate in the Work-in-Process Inventory account until the firm completes the goods and transfers them to _____
a. an asset; Finished Goods Inventory
b. a liability; Finished Goods Inventory
c. an asset; Cost of Goods Sold
d. a liability; Cost of Goods Sold
e. produced capital; Cost of Goods Sold
A
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The Lakeside Company issues $518,000 of its 10%, 10-year bonds at 106 on March 31, 2019. The bonds pay interest on March 31 and September 30. On September 30, 2019, how much cash did the company pay to the bondholders?
A) $2590 B) $51,800 C) $25,900 D) $12,950
Under the perpetual inventory system, the entry to record a purchase return would include a credit to which account?
a. Merchandise Inventory b. Purchases Returns and Allowances c. Accounts Payable d. Sales
Marion, a shift supervisor, is keeping a performance diary for each of her employees. This mechanism can ________ performance appraisals.
A. prove stereotypes for B. speed up C. eliminate D. reduce bias in E. increase bias in
With _______, the sales representative becomes a long-term, trusted, and value-adding resource for a customer firm by gaining an in-depth understanding of its operations and by contributing analytical expertise to resolve pressing problems
a. adaptive selling b. transactional selling c. consultative selling d. enterprise selling