A decrease in the current liability Income Taxes Payable.

a. Operating
b. Investing
c. Financing
d. Supplemental

Answer: a. Operating

Business

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What is TRUE regarding nuisances?

A. There is a three-year statute of limitations on a private nuisance. B. A public nuisance cannot be abated by the action of a private citizen. C. Nuisances that are not private nuisances are considered public nuisances. D. All of these are true.

Business

Which of the following outputs from the cost accounting program is used in the next cycle of production planning and scheduling?

A) Resource usage file B) Production order file C) Production status file D) Summary report

Business