Ford cars and trucks are completed and ready for delivery to customers. Because of this, they are classified as

A. raw materials.
B. finished goods.
C. goods in waiting.
D. production inventory.
E. delivered goods.


Answer: B

Business

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A) they have B) you have C) he or she has D) he has

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Which of the following is not a current reporting requirement for a statement that reports changes in cash over a period of time?

A) This statement must classify cash flows into three categories: operating, investing, and financing activities. B) Cash equivalents must be combined with cash in preparing this statement. C) Working capital may be used as a substitute for cash in preparing this statement. D) The operating activities section can be prepared using either the direct method or the indirect method.

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Indicate whether the statement is true or false.

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Indicate whether the statement is true or false

Business