Under a backflush accounting system, the following entry is made when products are completed:
a. Debit-Finished Goods
Credit-Work In Process
b. Debit-Cost of Goods Sold
Credit-Raw and In Process
Credit-Conversion Costs
c. Debit-Finished Goods
Credit-Raw and In Process
Credit-Conversion Costs
d. Debit-Cost of Goods Sold
Credit-Finished Goods
c
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Which internal control procedure is followed when the work of one department acts as a check on the work of another?
a. Segregation of duties b. Safeguarding assets and records c. Independent verifications d. Proper authorizations
Compare the value-claiming stage of negotiation to the value-creation stage. Do both stages happen in every negotiation? Which stages occurs first?
What will be an ideal response?
A federal law requires public libraries to install filtering software on computers to prevent children from accessing adult content online. This law A) ?is expressly prohibited by the Constitution
B) ?does no substantially burden free speech. C) ?is subject to reasonable restrictions under the due process clause. D) ?is given strict scrutiny under the equal protection clause.
An offer does not need to be communicated to the offeree to become effective
Indicate whether the statement is true or false