The straight rebuy is normally a routine process involving only a few members of the buying center and may even be done electronically with little human involvement
Indicate whether the statement is true or false
TRUE
Business
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The entry made in February to reverse the entry that was made to accrue January payroll would be:
a. Debit - Wages Payable Credit - Cash b. Debit - Wages Payable Credit - Payroll c. Debit - Factory Overhead Credit - Payroll d. Debit - Payroll Credit - Wages Payable
Business
Which of the following is not a current asset?
a. Marketable securities b. Material inventory c. Unearned rent income d. Prepaid interest e. Accrued insurance
Business