Process costing is the most appropriate costing method for a restaurant serving specialty cuisine

A company would report a net loss when

A. retained earnings decreased due to paying dividends to shareholders B. its assets decreased during an accounting period. C. its liabilities increased during an accounting period. D. its expenses exceeded its revenues for an accounting period.

A statement that a trailer has a capacity of 3,000 pounds would be treated as an opinion and

would not become a warranty. Indicate whether the statement is true or false