Warranty claims are an example of internal failure costs of nonconformance to customer standards
Indicate whether the statement is true or false
False
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Effective slides should be standalone documents that can be read on their own, without a presenter
Indicate whether the statement is true or false.
Costs associated with inventory include the costs of ______.
A. transportation B. packaging C. stock-out costs D. in-transit carrying costs
Historically, internal service desks have been _______ centers, in which budget items required to run the service desk are considered an expense to the company.
Fill in the blank(s) with the appropriate word(s).
Brumfield, Inc issued 7,000 shares of $1 par common stock for $20 per share. In addition to the increase in cash, what effect does this transaction have on Brumfield's accounting equation?
A) Common stock increases $7,000 and retained earnings increases $133,000. B) Common stock increases $7,000 and additional paid-in capital in excess of par increases $133,000. C) Common stock increases $140,000. D) Retained earnings increases $7,000 and additional paid-in capital in excess of par increases $133,000.