Spalding produces large numbers of solf balls all at once. Spalding puts the golf balls in inventory and
distributes them around the world. Spalding uses:
production to order
mass production
custom production
process production
Inventory fulfillment

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is:

Each state’s organizational structure is guided by the federal government. true or false?