The FASB requires which of the following to be used in preparation of external financial statements?
a. variable costing
b. standard costing
c. activity-based costing
d. absorption costing
D
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Company call center executives provide procedural information to clients who call in about the specifications and operation of the product. These call center employees can be called ________
A) technical support people B) sales assistants C) telemarketers D) deliverers E) consultants
Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small town, just a few blocks from Chad's. Chad offers Jose $10,000 in return for Jose's promise not to open a coffee shop in the Rivercity area for six months. Jose accepts the $10,000 but goes ahead with his plans, even though he had agreed not to do so. When Jose opens his
coffee shop for business, Chad sues to enjoin Jose's continued operation or to recover the $10,000. a. As this contract is not part of an otherwise legal contract it is an illegal anti-competition agreement and is not enforceable. b. As this contract is reasonable as to time and scope it is enforceable. c. Although the agreement is not enforceable Chad will get his $10,000 back because he did what he promised. d. This is enforceable as a narrow exception to enforcement of anti-competitive clause
The following data pertain to an investment project (Ignore income taxes.): Investment required$34,055 Annual savings $5,000 Life of the project 15yearsSee separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.The internal rate of return is closest to:
A. 8% B. 12% C. 14% D. 10%
Infliction of emotional distress is involuntary conduct by a person that causes an outrageous effect on another
a. True b. False Indicate whether the statement is true or false