Which of the following is true of mislaid property with regard to the person who finds it?
A) The finder becomes the owner of the property.
B) The finder has the right to share it with the original owner.
C) The finder is not entitled to possess the property.
D) The finder is absolved of any responsibility of the mislaid property.
C
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Recently, regional trade agreements have grown, a trend that may be seen to strengthen the WTO, according to the text.
Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it was assigned the following costs: direct materials, $76,000; direct labor, $24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
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