Chapter One Matching
The primary difference between the income statement for a merchandising company and a manufacturing company is the _____________ section. |
updating the company's website to promote online sales transactions |
Which of the following items appears only in a manufacturing company's financial statements? |
Cost of goods manufactured |
Products that have been completed and are ready to be sold by the manufacturer are called |
selling and storing finished products |
Which of the following is not a characteristic of all fraud |
can be intentional or unintentional |
Characteristics of fraud include: |
Employer has a loss of assets
Benefits the employee
Hidden from the employer |
a cost of potential benefit lost. |
Which of the following are the variable costs relative to number of units produced and sold? |
Materials used in production
Insurance premiums
commissions based on sales |
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