The distinction between a consumer product and an industrial product is based on the purpose for which the product is purchased
Indicate whether the statement is true or false
TRUE
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The direct method of preparing a statement of cash flows
A) eliminates the need for a schedule of noncash investing and financing transactions. B) provides a different result than the indirect method. C) adjusts net income for changes in current accounts. D) shows cash receipts from sales.
A person who represents himself to third persons as being a partner when in fact he is not, may have the liability of a partner
a. True b. False Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.________ a) The entry to record the purchase of supplies involves a debit to Supplies Expense and a credit to Cash.________ b) The entry to record the amount of supplies used involves a debit to Supplies Expense and a credit to Supplies.________ c) An asset use transaction may involve a debit to an asset and a credit to a liability.________ d) An asset exchange transaction may involve a debit to an asset and a credit to a liability.________ e) A claims exchange transaction may involve a debit to a liability and a credit to revenue.
What will be an ideal response?
The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is more than 22.25 oz?
What will be an ideal response?