Walton Books purchased inventory for $4,500. Walton pays $230 to have the inventory shipped to its place of business and pays another $120 to set up the inventory. Walton purchased the inventory knowing that some of the books needed to be rebound. This cost an additional $45. After Walton sold the inventory, it spent $110 to ship it to customers. What is the total amount capitalized to the inventory account by Walton Books?

Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017

The bonds will mature in two years from the date of purchase. When the bonds mature in 2019, Accruex plans to use the cash for its business expansion. Which of the following is included in the journal entry on March 30, 2017? A) a debit to Long-term Investments-Held-to-Maturity for $25,000 B) a debit to Short-term Investments-U.S. Treasury Notes for $25,000 C) a debit to Long-term Investments-Available-for-Sale for $25,000 D) a credit to Long-term Investments-Available-for-Sale for $25,000

Compared to the U.S., people from other cultural groups maintain a larger distance when communicating with others

Indicate whether this statement is true or false.