The following contains a comma splice: June is our busiest month, February is our slowest
Indicate whether the statement is true or false
True
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If the amount assigned to ending inventory is incorrect,
a. The balance sheet is affected, but the income statement is not. b. The income statement is affected, but the balance sheet is not. c. The balance sheet is affected, but cost of goods sold is not. d. Both the balance sheet and the income statement are affected.
The current portion of long-term notes payable is ________.
A) the amount of principal that will be paid within five years B) typically included with the long-term liabilities on the balance sheet C) recorded as an adjusting entry D) reclassified as current for reporting purposes on the balance sheet
A company requires 200 pounds of plastic to meet the production needs of a product. It currently has 20 pounds of plastic inventory. The desired ending inventory of plastic is 60 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period?
A) 200 pounds B) 240 pounds C) 260 pounds D) 280 pounds E) 160 pounds
For data having a bell-shaped distribution, approximately __________ percent of the data values will be within one standard deviation of the mean.
A. 95 B. 66 C. 68 D. 97