When goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account, ________
A) total assets and total liabilities increase by the same amount
B) total assets of the company remain constant
C) total equity and total assets increase by the same amount
D) total liabilities increase and total equity decreases by the same amount
B
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All of the following are true about captive insurers, except:
A) that they are located in locations like Bermuda B) that claims-settlement often take longer C) that the parent company or companies save on overhead and profits that they would otherwise pay to third insurance companies D) that the parent company or companies are in some cases allowed to deduct their premiums from their tax liability
All of the following business actions are considered to be unethical EXCEPT
A) dumping banned or flawed products in foreign markets. B) preventing environmental harm. C) overpricing. D) sexual harassment. E) insider trading.