Collateral from unsecured loans may be sold to offset the loan obligation if the loan is in default. Select one: True False Which of the following represents the correct formula for calculating cost of goods manufactured? Select one: a. Direct materials used + direct labor + factory overhead + beginning goods in process + ending goods in process. O b. Direct materials used + direct labor + factory overhead + beginning goods in process - ending goods in process. O c. Direct materials used direct labor + factory overhead - beginning goods in process + ending goods in process Od. Direct materials used + direct labor + factory overhead - beginning goods in process - ending goods in process, Oe. Direct materials used + direct labor-factory overhead + beginning goods in process - ending goods in process. The accountant for Robinson Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained carnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year The amount of cash dividends paid during the year would be: $156,000 $ 46,000 $ 81,000 $ 7,000 $ 18,000 $40.000 $ 92,000 Select one: O a $70,000 O b. $46,000 O c. $22,000 d. $39,000 Oe. $24,000