Under the just-in-time costing system, underallocated and overallocated conversion costs are treated just like underallocated and overallocated manufacturing overhead

Indicate whether the statement is true or false

TRUE

Business

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In order to be patentable, an invention must be proven to be able to be marketed profitably

Indicate whether the statement is true or false

Business

Investment firms, such as Goldman Sachs, assist the transfer of capital by

A) facilitating indirect transfers from savers (investing public) to borrowers (corporations needing capital). B) selling common stock for corporate clients in the secondary market. C) selling indirect securities to savers and using the funds to buy common stock for corporations needing funds. D) selling direct securities.

Business