A purchase money security interest in consumer goods is an automatically perfected security interest
a. True
b. False
Indicate whether the statement is true or false
True
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Exhibit 15-1 Hanson Co issued 10,000 shares of its $5 par common stock for $15 a share. In addition, it incurred legal and accounting fees, stock certificate costs, and other related expenses totaling $18,500. ? Refer to Exhibit 15-1. Assume the sale was the initial issuance of stock at incorporation for Hanson Co The entry to record the sale would include a
A) credit to Cash for $150,000. B) credit to Common Stock for $150,000. C) debit to Organization Expense for $18,500. D) credit to Additional Paid-in Capital on Common Stock for $81,500.
Which of the following statements is true regarding manufacturing costs?
A) They will be appear on the income statement as the product is made. B) They will not appear on the income statement or the balance sheet until the product is completed. C) They will appear on the balance sheet as an inventory cost until the product is sold. D) They will appear on the balance sheet as an inventory cost after the product is sold.
Product costs are also known as inventoriable costs.
Answer the following statement true (T) or false (F)
Why is it important that owners and managers pay close attention to corporate culture when merging two organizations?
What will be an ideal response?