Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)All trusts and estates must use a calendar year-end.
• B)All estates with gross income of at least $500 must file an income tax return.
• C)Trusts are required to make estimated tax payments.
• D)All of the above are false.

Identify the components and importance of a bill of materials in product costing.

Comprehend how actual overhead costs are treated in job costing systems.

Understand the purpose and content of a job cost sheet.

Recognize the use of employee time tickets in tracking direct labor costs.

---

Definitions:

Laryngopharynx

The lower part of the pharynx just below the oropharynx, facilitating the passage of food to the esophagus and air to the larynx.

Nasopharynx

The upper part of the throat located behind the nose, connecting the nasal cavity to the mouth and the esophagus.

Oropharynx

The part of the throat that is located at the back of the mouth, serving as a pathway for food and air.

Larynx

The voice box located at the upper part of the trachea, responsible for voice production, breathing, and protecting the trachea against food aspiration.