Indicate whether each of the following statements is true or false.
Recognizing depreciation on manufacturing equipment is an asset use transaction.______
Recognizing depreciation on cars driven by a manufacturing company's executive officers is an asset use transaction.______
Recognizing revenue from the sale of goods a company has manufactured is an asset source transaction.______
Recording the cost of goods sold is an asset exchange transaction.______
If overhead was underapplied during a period,the entry to close the Manufacturing Overhead account would increase cost of goods sold.______

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The Answer of Indicate whether each of the following statements is true or false.
Recognizing depreciation on manufacturing equipment is an asset use transaction.______
Recognizing depreciation on cars driven by a manufacturing company's executive officers is an asset use transaction.______
Recognizing revenue from the sale of goods a company has manufactured is an asset source transaction.______
Recording the cost of goods sold is an asset exchange transaction.______
If overhead was underapplied during a period,the entry to close the Manufacturing Overhead account would increase cost of goods sold.______

Indicate Whether Each of the Following Statements Is True or False