When bonds are sold between interest dates, the buyer must pay the issuer the amount of accrued interest from the prior interest date

Which of the following statements about managerial accounting is correct?

A) Managerial accounting reports must follow Generally Accepted Accounting principles (GAAP). B) Managerial accounting reports are audited annually by Certified Public Accountants. C) Managerial accounting reports provide detailed information on parts of a company. D) Managerial accounting reports help investors make decisions.

Direct materials for 8,000 units were added at the beginning of the second process during October. During the month, 8,300 units were completed and transferred to the third process. On October 1, there were 600 units in beginning inventory, and on October 31, there were 300 units still remaining in the process. Compute the equivalent units for direct materials for the second process for October

using the FIFO costing method. A) 8,600 B) 8,000 C) 8,300 D) 8,900