Question

1) which of the following statements is true about U.S. Rule?

Answer 1

1) --
2) --
3) 175,900 / 12.5% = 1,407,200  CHOICE B.
4) SUPPLIES
5) PURCHASES
6) 5,000 + 21,800 - 790 - 5,100 = 20,910  CHOICE D.
7) D. 50%
8) C. UNITS OF PRODUCTION
9) B. INCOME STATEMENT
10) A.) 6,480
11) D.)  MULTIPLIED BY BOOK VALUE AT THE BEGINNING OF THE YEAR.