_____________are cash and other assets that are reasonably expected to be realized in cash during the normal operating cycle of the business

Calming Industries, a hospitality company, has experienced growth. The leadership attributes its early success to its structure and strategy being aligned. Recently, it seems that the previous structure isn't working as efficiently as it once did. What could be a cause for this performance trend?

a. The growth in sales has caused issues that the previous structure can no longer handle b. The declining hospitality industry as a whole c. The typical life cycle of hospitality companies d. Poor marketing and commercialization strategies

Overapplied overhead is adjusted on the work sheet by debiting Overapplied Overhead and crediting Work in Process Inventory

a. True b. False Indicate whether the statement is true or false