When inputs are turned into goods and services, value is created
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: By definition, the transformation process creates value when it transforms inputs into goods and services that customers want to buy.
Business
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The general journal is used to:
a. post all accounting entries not posted in other individual journals b. post all accounting entries c. post all accounting entries not involving cash d. post only month end adjusting journal entries e. post only year end adjusting journal entries
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A juvenile, if arrested before reaching age 18, will be tried in a juvenile court even if he or she turns 18 before the case comes to trial
a. true b. false
Business