The cost of goods manufactured is recorded with a debit to the Finished Goods Inventory account and a credit to the Work-in-Process Inventory account

An electrical energy charge (the amount the user must pay for electricity) is based on:

a. a calculated estimate of the amount of electricity used, derived from previous years' usage b. square footage of the facility c. the actual metered amount of electricity used by a customer d. a flat per-month rate plus a negotiated amount for usage above and beyond that covered by the flat rate

Although a company may have a good track record with collaborative arrangements, this is of little help when negotiating new collaborative arrangements with different companies

Indicate whether the statement is true or false