Anchored data types are similar to arrays used on other languages.
Answer the following statement true (T) or false (F)
False
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A company that uses leverage is attempting to earn an overall return that is higher than the cost of funds received from
a. preferred and common stockholders. b. common stockholders only. c. preferred stockholders and borrowed funds. d. borrowed funds only.
Inventory control has physical custody of inventory
Indicate whether the statement is true or false
Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the Refining Department had 2000 gallons of partially processed product in production. During January, 31,000 gallons were transferred in from the Mixing Department, and 32,000 gallons were completed and transferred out. At the end of the month, 1000 gallons of partially processed product remained in the Refining Department. The weighted-average method is used. See additional details below.
Refining Department, ending balance at January 31 Percent completed for materials cost: 90% Percent completed for conversion cost: 76% What was the total number of equivalent units of production for conversion costs for the month of January for the Refining Department? A) 760 units B) 32,760 units C) 32,000 units D) 900 units
Merckle Corporation owns 40 percent of the voting stock of Grant Corporation and accounts for the investment using the equity method; Grant Corporation reports a net loss of $30,000. Merckle Corporation's entry to record the share of loss is:
A) Loss, Grant Corporation Investment 12,000Investment in Grant Corporation 12,000 B) Investment in Grant Corporation 12,000Loss, Grant Corporation Investment 12,000 C) Investment in Grant Corporation 30,000Cash 30,000 D) Investment in Grant Corporation 12,000Cash 12,000