Which of the following describes the numbers under the “Training” heading?
a. qualitative
b. ordinal
c. interval
d. quantitative
a. qualitative
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Each time a sale occurs,
a. Finished Goods is debited; b. Cost of Goods Sold is credited; c. Work in Process is credited; d. Cost of Goods Sold is debited; e. Materials Inventory is credited
Disclosures can be made either on the face of the financial statements in the form of classifications or in parenthetical notations and/or in the notes to the statements
a. True b. False Indicate whether the statement is true or false
Which of the following is not true regarding a Certified Public Accountant?
A. Cannot hold any certificate other than a CPA. B. Must exhibit ethical character. C. Must meet education and experience requirements. D. Must pass an examination. E. May also be a Certified Management Accountant.
Merchandise inventory is reported on the balance sheet in the section titled ________
a. Stockholders' Equity b. Plant Assets c. Current Assets d. Current Liabilities