Why are not-for-profit corporations tax exempt?
A) Because they donate money to foundations
B) Because they use the money they collect to help improve society
C) Because they pay a different form of tax than regular corporations
D) Because they don't make profits of any kind
B
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Adelphia Manufacturing issued $70,000 of direct materials and $10,000 of indirect materials for production. Which of the following journal entries would correctly record the transaction?
A) Raw Materials Inventory 80,000 Finished Goods Inventory 70,000 Work-in-Process Inventory 10,000 B) Work-in-Process Inventory 80,000 Raw Materials Inventory 80,000 C) Work-in-Process Inventory 70,000 Manufacturing Overhead 10,000 Raw Materials Inventory 80,000 D) Manufacturing Overhead 80,000 Raw Materials Inventory 80,000
A paragraph is unified when it develops at least three ideas
Indicate whether the statement is true or false