Association of Tennis Professionals (ATP) singles rankings for tennis players is an example of an interval scale

During the year, a company incurred $520,000 of manufacturing overhead costs and allocated $480,000 of manufacturing overhead costs

At year-end, the adjustment entry needed to adjust the Manufacturing Overhead account balance to zero will include a debit to Cost of Goods Sold. Indicate whether the statement is true or false

A seller has owner's title insurance. At closing if the buyer wants owner's title insurance, which of the following statements is correct?

A. The buyer can assume the seller's policy. B. The policy runs with the land and the buyer would not need a new policy. C. The buyer would have to take out a new owner's title insurance policy. D. The premium for a new owner's title insurance policy would cover a period of one year.