A ________ ratio is commonly used to assess owners' appraisal of the share value

Which of these could a retailing business in the Midwest classify as an extraordinary item?

A) a loss from employee embezzlement B) a loss from a lower-of-cost-or market inventory write-down C) a loss from selling a delivery truck at less than its book value D) none of these are extraordinary items

When direct materials are requisitioned, they flow directly into

A) cost of goods sold account. B) finished goods inventory account. C) work in process inventory account. D) manufacturing overhead account.