The Cypress Company's inventory account balance was $1,650 at the end of the year. A physical inventory count revealed that inventory on hand was $1,250. What amount should Cypress report on the balance sheet for inventory?
A) $400
B) $1,250
C) $1,650
D) $2,900
B) $1,250
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Employees earn $5,000 per day, work five days per week, Monday through Friday, and get paid every Friday. If the previous payday was January 26 and the accounting period ends on January 31, what amount is the ending balance in the wages payable account?
a. $ 9,000 b. $10,000 c. $15,000 d. $25,000
Which of the following communication factors is influenced by culture?
a. Standing or sitting close to others b. Being very conscious about time c. Being more group-oriented d. Speaking a different language e. All of the above are influenced by culture.
Which of the following is a product attribute that may be difficult to evaluate even after it has been experienced?
A) search quality B) service quality C) experience quality D) credence quality E) benefit quality
Due diligence is an effective defense to liability under Section 11 of the Securities Act of 1933
Indicate whether the statement is true or false