For each of the following accounts, state type of account and the normal account balance. Assume a periodic inventory system.


Business

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Companies stretch downward to add prestige to their current products

Indicate whether the statement is true or false

Business

In an absorption costing income statement, the manufacturing margin is the excess of sales over the variable cost of goods sold

Indicate whether the statement is true or false

Business

Daimler's 2017 agreement with automotive supplier Robert Bosch GmbH to develop self-driving taxis that customers can hail with a smartphone app is called a

A. joint liability company. B. partnership. C. joint venture. D. double-S corporation. E. dual proprietorship.

Business

Fun-E Products, Inc, makes and sells toys. The government agency that has the authority to remove a potentially hazardous toy from the market is A)?the Consumer Product Safety Commission

B)?the Federal Reserve Board of Governors. C)?the Federal Trade Commission. D)?the Food and Drug Administration.

Business