Nonmanufacturing costs are generally classified into two categories: selling and administrative

Indicate whether the statement is true or false

True

Business

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In a balanced transportation model where supply equals demand:

A) all constraints are equalities. B) none of the constraints are equalities. C) all constraints are inequalities. D) none of the constraints are inequalities.

Business

The closing entry for the Salaries Expense account includes a debit to:

A) Salaries Expense and a credit to Retained Earnings. B) Salaries Expense and a credit to Net Income. C) Retained Earnings and a credit to Salaries Expense. D) Net Income and a credit to Salaries Expense.

Business