The general ledger shows a balance of $66,400 in the Merchandise Inventory account at the end of the period. The physical inventory count shows inventory of $63,000. The adjusting entry includes a ________
A) debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,400
B) debit to Cost of Goods Sold and a credit to Cash for $3,400
C) debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,400
D) debit to Merchandise Inventory and a credit to Cash for $3,400
A
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Which term refers to all people willing and able to work?
a. knowledge workers b. labour force c. internal labour force d. external labour force e. passive labour force
An owner has been using a parcel of land for heavy industry since 1973. Subsequently, the property is zoned for commercial use. The owner's continued industrial use of the property is a/an
a. violation of the existing zoning b. deviation from the master plan c. example of zoning variance d. an illegal non-conforming use