Which of the following would be classified as a natural resource?

A) Patent on an oil extraction process.
B) Land held as an investment.
C) Land improvements.
D) Diamond mine.
E) Goodwill.

Times interest earned is calculated by:

A) Multiplying interest expense by income.
B) Dividing interest expense by income before depreciation and interest expense.
C) Dividing income before interest expense and income taxes by interest expense.
D) Multiplying interest expense by income before interest expense.
E) Dividing income before interest expense by interest expense and income taxes.

A competitive advantage based on location is often sustainable because

A) mobile marketing has not yet proven its value for most customers.
B) real estate prices have been dropping.
C) few marketers are aware of its importance yet.
D) location cannot be easily duplicated.
E) the Internet has diminished the importance of brick-and-mortar stores.

As per the Model Nonprofit Corporation Act (MNCA),a nonprofit corporation need not have members for its existence.

________ stressors directly damage goal attainment.

In February, one of the processing departments at Encinias Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $21,000.During the month, $316,000 of costs were added to production and the cost of units transferred out from the department was $322,000.The company uses the FIFO method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of February.