6. In manufacturing businesses, inventory can take various forms throaghout the prodoction such as a. Raw materials, Work in process, Finished goods b. Pant and Machinery c. Land and Bualding d. All the above: 7. The seller is responsible for psying shipping oosts, and bears ownership asd rniks of damate when the goods are in transit or in transport with the terms i. FOB shipping point b. FOB destination c. Consigned goods d. None of the above 8. Assets held for sale in the normal course of business. which differcentiates it from other tang. assets, such as property, plant, and equipment are callod as a. Buttding b. Plant and machinery c. Inventories 4. Creditots: 9 . The buyer is responsible for paying shipping costs, and bears ownership and risks of damage When the goods are in transit or in transport with the terms in. FOB shipping point b. FOB destisiation c. Consigncd goods d. None of the above 10. are a separate legal entity created by sharcholders. a. Sole traders b. Partnership c. Corporations d Nonprofit organization B. State the following stateagents are True or False 11. In manufacturing businesses, inventory can take various forms throughout the production pr such as raw materials, work in process, and finished goods. DTrue False 12. Interest on Capital is usually calculated on the opening capital only. True Fatse 13. Under the Fluctuating capital meethod there are Capital account and Current account: True False 14. Account receivables is the opposite of accounits payable, which are the bills an company beet for the goods and services it buys from a vendor. True False 15. Partnership Deed is an agreement between the partners that show the terms and conditiona be drawn up and signed by all partners. True False 16. Account payables will inerease the sales volume of the business True False