For decision-making purposes, ________ costs are often divided into prime costs and conversion costs
A) fixed costs
B) product costs
C) period costs
D) sunk costs
B
Business
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On May 1, 2015, Maricel Advertising Company received $3,000 from a customer for advertising services to be completed by April 30, 2016. At December 31, 2015, $2,000 of the fees have been earned. The adjusting entry on December 31, 2015 by Maricel Advertising will include a
A. $2,000 credit to Unearned Revenue B. $1,000 debit to Service Revenue C. $1,000 credit to Unearned Revenue D. $2,000 debit to Unearned Revenue
Business
Hearsay evidence is excluded because
A) It is wrong. B) The form is unreliable. C) It is verbal. D) Both A) and C)
Business