Approximately what percentage of firms reported doing at least some sourcing internationally?
a. 10%
b. 25%
c. 50%
d. 80%
d. 80%
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There are more businesses organized as corporations than as sole proprietorships and partnerships in the United States
a. True b. False Indicate whether the statement is true or false
A note payable cannot be sold or transferred under any circumstance.
Answer the following statement true (T) or false (F)
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by:DepartmentDirect costsS1 S2 P1 P2 S1$60,000 0.70 0.10 0.20 S2$100,000 0.20 0.30 0.50 P1$160,000 P2$140,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:
A. $0. B. $42,000. C. $40,000. D. $20,000.
The work sheet is a tool used to assist in the preparation of financial statements
Indicate whether the statement is true or false