Damaged and obsolete goods that can be sold:
A. Are never counted as inventory.
B. Should be disposed of immediately.
C. Are included in inventory at their net realizable value.
D. Are included in inventory at their full cost.
E. Are assigned a value of zero.
Answer: C
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Which of the following has lost population in the past two decades?
A) California B) Florida C) the Western states D) the Northeast states E) the Southern states
Match the accounting terms with the description by entering the proper letter in the space provided.A. Accrual basisB. Accrued expensesC. Accrued incomeD. Deferred expensesE. Deferred incomeF. Inventory sheetG. Net income or Net lossH. Prepaid expensesI. Property, plant, and equipmentJ. Unearned incomeK. Updated account balances_____ 1. Long-term assets that are used in the operation of a business and that are subject to depreciation (except for land, which is not depreciated)_____ 2. A form used to list the volume and type of goods a firm has in stock_____ 3. Another term for unearned income_____ 4. Expenses that are paid for and recorded before they are used, such as rent or insurance_____ 5. The amounts entered in the Adjusted Trial Balance section of the worksheet_____ 6. Expense
items that relate to the current period but have not yet been paid and do not yet appear in the accounting records_____ 7. Another term for prepaid expenses_____ 8. A system of accounting by which all revenues and expenses are matched and reported on financial statements for the applicable period, regardless of when the cash related to the transaction is received or paid_____ 9. Income that has been earned but not yet received and recorded_____ 10. The difference between the debit and credit columns of the Income Statement and the debit and credit columns of the Balance Sheet on the worksheet._____ 11. Income received before it is earned What will be an ideal response?
Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars
A) 1.14 B) 0.88 C) 0.94 D) 0.81
Samples of employees of Companies A and B provided the following information regarding the ages of employees. Company A Company B Sample Size32 36 Average Age (in years)42 47 Sample Variance16 36 ? Develop a 97% confidence interval for the difference between the average ages of the employees of the two companies.
What will be an ideal response?