Accounts receivable are ________
A) current assets
B) current liabilities
C) long-term assets
D) long-term liabilities
A
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Some fixed manufacturing overhead costs of the current period are deferred to future periods under
a. absorption costing. b. variable costing. c. both absorption and variable costing. d. neither absorption nor variable costing.
Martin takes a box of cookies to the cash register at his local Food Mart store. The price on the box is marked $2.99 but when the sales clerk scans the cookies it says $3.49. As a result Martin
A) gets the cookies for free B) only has to pay $2.99 for the cookies C) has to pay $3.49 for the cookies D) will get the cookies for free is Food Mart has voluntarily adopted the Scanner Price Accuracy Voluntary Code set up by the Competition Bureau D) get the cookies for free and a coupon for two more free boxes of cookies