Providing services to customers for cash would be recorded with a:

Effects Manufacturing produces a pesticide chemical and uses process costing

There are three processing departments-Mixing, Refining, and Packaging. On January 1, the Refining Department had 4,000 gallons of partially processed product in production. During January, 30,000 gallons were transferred in from the Mixing Department, and 30,000 gallons were completed and transferred out. At the end of the month, 4,000 gallons of partially processed product remained in the Refining Department. See additional details below. Refining Department, ending balance at January 31 Percent completed for materials cost: 94% Percent completed for conversion cost: 76% What was the total number of equivalent units of production for conversion costs for the month of January for the Refining Department? A) 3,040 units B) 33,040 units C) 30,000 units D) 3,760 units

Two students agree to run Saturday dances and to split whatever money they make. There is absolutely no talk of partnership. Which of the following is TRUE?

A) The students are not partners because they did not agree to be partners. B) The students are not partners because they do not have a written partnership agreement. C) The students are partners because they agreed to share profits. D) The students are partners because every business agreement between two people creates a partnership. E) The students are not partners because one of the indicia of partnership is missing.