An owner who also works as a technician and serves as manager expects compensation for which of the following?
A. Technician wages
B. Return on money invested
C. Manager’s salary
D. All of the above
D. All of the above
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Marina Corp. applied overhead to jobs during the period as follows: Jobs finished and sold$46,000 Jobs started and in process 54,000 Jobs finished and unsold 100,000 The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is:
A. Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600. B. No entry is needed. C. Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600. D. Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600. E. Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600.
Mrs. Jamieson, a retiree, likes to invest in preferred stocks and bonds as it involves very little risk. She knows that the value of many of these stocks will not increase drastically, but the small returns help supplement her pension. Mrs. Jamieson's approach is an example of the market timing strategy.
Answer the following statement true (T) or false (F)
Purchased software cannot be modified
Indicate whether the statement is true or false
List the elements that make up a transition description. Which elements are optional?