If one-year U.S. nominal interest rates are 4%, one year Canadian nominal interest rates are 7.5%, and the current spot exchange rate, S0, is $0.587, then what will the expected spot rate be in one year?

The amount of prepaid insurance that is used up during a period of time is recorded as Insurance Expense

Indicate whether the statement is true or false

Source data for direct labor comes from the

a. materials inventory in the general ledger, b. work in process inventory in the general ledger. c. Adjusted Trial Balance columns of the work sheet. d. Income Statement columns of the work sheet.