Machinery and equipment that is movable is ordinarily held not to be fixtures even though it is necessary to unbolt them from the floor or disconnect electrical wires
Indicate whether the statement is true or false
True
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Materials used in the manufacturing process that do not become a significant part of the finished products are called
a. indirect materials. b. operating expenses. c. direct materials. d. administrative expenses.
Western Sky Company sold 500 units of inventory at $25 per unit for cash. The company uses the perpetual inventory system and the FIFO inventory costing method. The beginning inventory included 550 units at a cost of $15 per unit. The cost of the most recent purchases is $10 per unit. Prepare the journal entries to record the sale. Omit explanations.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. A code of conduct could also be referred to as a values statement. 2. A code of conduct could be characterized as an application of the code of ethics to specific situations. 3. If a company doesn’t have a specific person in charge of managing ethics by the time it has 50 employees, it has failed in a key measure of ethical behavior. 4. New employees should not be subjected to discussion of the code of ethics until they have learned the flow and style of the organization. 5. A company’s vision statement may reference some of the aspirations inherent to its code of ethics.
Most formal reports use generic headings to identify the topic of each section
Indicate whether the statement is true or false