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NEW QUESTION: 1
HOTSPOT
Answer:
Explanation:
NEW QUESTION: 2
Cost of goods sold in Year 2 was:
A. US $147,000
B. US $167,000
C. US $160,000
D. US $180,000
Answer: A
Explanation:
Cost of goods sold equals beginning inventory, plus purchases, minus ending inventory. To determine cost of goods purchases must be calculated. Purchases equal US $167,000$49,000 ending accounts payable + $ 130,000 payments to suppliers - $62,000 beginning accounts payable). Thus, cost of goods sold equals US $ 147,000$120,000 beginning inventory + $167,000 purchases - $140,000 ending inventory).
Balance sheets on December 31, Year 1, and December 31, Year 2, are presented below
NEW QUESTION: 3
You develop a new Active Form and would like to format it so that all simple (N-level) cells have a gray background with standard row IDs.
Where do you apply the gray formatting?
A. To Format Range 0 in the Format Area
B. To the first data row in the Active Form if Column A = 0
C. To Format Range N in the Format Area
D. To the first data row in the Active Form if Column A = N
Answer: C
Explanation:
Explanation/Reference:
Explanation: