Which one of the following adjustments increases net income for the period?
a. Recognition of the amount of supplies used
b. Recognition of interest on a note receivable
c. Recognition of wages earned, but not paid to employees
d. Recognition of rent costs that had been paid to the landlord in advance
b
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Which of the following crimes involves engaging in war against the country or giving aid or comfort to its enemies?
A) arraignment B) misdemeanor C) felony D) treason
The highest duty of care is owed by bailees when the bailment is for the mutual benefit of the
bailee and bailor. Indicate whether the statement is true or false
Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?
A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out
Which of the following best describes the psychological orientation of an individual making a "maximax" choice?
A. optimist B. cynic C. pessimist D. defeatist