Metal used in construction of a tank is part of:

A) raw material costs.
B) labor costs.
C) manufacturing overhead.
D) depreciation expense.

Purchasing equipment by issuing a six-month note should be shown on the statement of cash flows under the investing activities section.

Classifications based on age and sex are examples of "suspect classifications" in the context of the Equal Protection Clause of the Constitution.

The entry to record the semiannual payment and amortization of the discount using the straight-line method on a 11%, $500,000, 9-year bond issued at 96 would be to:

A) debit Bond Interest Expense $13,750; credit Cash $13,750.
B) debit Bond Interest Expense $28,056; credit Cash $27,500; credit Discount on Bonds Payable $556.
C) debit Bond Interest Expense $28,611; credit Cash $28,611.
D) debit Bond Interest Expense $28,611; credit Cash $27,500; credit Discount on Bonds Payable $1,111.

In smaller companies, the term controller may be used to refer to the chief financial officer.

Demi buys a lottery ticket. The ticket has the winning numbers for a prize. She submits the ticket to claim the prize. Demi accepted an offer for

A) a bilateral contract.
B) a unilateral contract.
C) a quasi contract.
D) an unenforceable contract.